WATCH: Stock picks — Shoprite and Naspers

Gerbrand Smit from NeFG Fund Management chose Shoprite as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Naspers.

Smit said: “I’m going with Shoprite, it used to be expensive at 20 price-earnings multiples, it did not drop earnings for 20 years and now it’s done so.”..

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