WATCH: Stock picks — AngloGold and Coronation
Mark du Toit from OysterCatcher Investments and Ricus Reeders from PSG Wealth Sandton talk to Business Day TV
Du Toit said: “I’m picking AngloGold, you have to make sure that you’re happy with holding a gold share, we think the gold prices only just recently made a new high and we think it will go higher from here.”
Reeders said: “I’m going for Coronation Fund Managers, they have a dividend policy where they pay out x amount of earnings. I don’t think there is going to be a huge draw down on assets under management, so in that respect a dividend is pretty safe.”
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