WATCH: Stock pick — Afrimat and SA bonds
Independent analyst Chris Gilmour and David Shapiro from Sasfin Securities talk to Business Day TV
Independent analyst Chris Gilmour chose Afrimat as his stock pick of the day and David Shapiro from Sasfin Securities chose SA bonds.
Gilmour said: “I actually do have a stock pick after weeks of sitting on my hands and saying one should sit on cash, I’m going for Afrimat.”
Shapiro said: “It depends on your tax position, but if you can go into some of SA’s long-end bonds, meaning 10 years plus and get 10%-11% yield in an environment where inflation is coming down, in an environment where, in the rest of the world, yields are zero or at best you can get 1%-2% on a 10-year bond in America, or 1%-4% in the UK, SA bonds look very attractive.”
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