Waldo du Plessis from Nitrogen Fund Managers chose Old Mutual as his stock pick of the day.

“I’m going to go with Old Mutual. I think it’s still a quality business.... The stock is down around 17% from the announcement that Peter Moya was being investigated. I think it’s overdone, it’s a quality operation and at these levels of around R19.50 it looks rather cheap compared to its peers.”..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now