Iron ore. Picture: REUTERS/DAVID GRAY
Iron ore. Picture: REUTERS/DAVID GRAY

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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