WATCH: Stock picks — Shoprite and Naspers
Gerbrand Smit from NeFG Fund Management and Jean Pierre Verster from Protea Capital Management talk to Business Day TV
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.”
Verster said: “My pick is Prosus and it’ll list tomorrow [Wednesday] ... [and] you can trade it separately from your Naspers.”
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