WATCH: Stock pick — offshore
Robert Towell from Sasfin Securities talks to Business Day TV about where investors should be putting their money
Robert Towell from Sasfin Securities suggests investors look offshore.
“I think that SA is a very difficult place to invest in at the moment and although the rand has blown out, I think you can look offshore. There is growth in Amazon, and Apple came out with very good numbers, so on an international side, if you take a look at the S&P 500, 70% of the companies that have reported so far have beaten estimates so there is growth.”..