WATCH: Stock picks — Afrimat and Sasol
Sekgabo Molelekoa from Umthombo Wealth and Mark du Toit from OysterCatcher Investments talk to Business Day TV
Sekgabo Molelekoa from Umthombo Wealth chose Afrimat as her stock pick of the day and Mark du Toit from OysterCatcher Investments chose Sasol.
Molelekoa said: “I’m going to be quite controversial and go for Afrimat, I am also quite bullish on it. We’ve seen the iron ore price coming down and I think it is a good opportunity to get in.”
Du Toit said: “I’m going for Sasol, we saw a new management team being brought in, their trouble with building an ethane cracker in America is well known. At this stage, their ethane cracker has been built with a catalyst at the end of the process which they’re going to replace in December and we’ve been assured that after that they’ll be able to ramp it up.”
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