WATCH: Stock pick — Kumba Iron Ore
Andile Buthelezi from Sentio Capital talks to Business Day TV about his stock pick of the day
Andile Buthelezi from Sentio Capital chose Kumba Iron Ore as his stock pick of the day.
“I’m going with Kumba, I think they had a bit of a beating yesterday after they released a production update. They guided in that production update that they will probably sell a million tonnes less than they had planned to for the full year, but a million tonnes in the context of how many tonnes they produce in a year — they produce between 43- and 44-odd million tonnes so it’s not immaterial, but it is worth considering.”
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