Picture: 123RF/EVERYTHINGPOSSIBLE
Picture: 123RF/EVERYTHINGPOSSIBLE

Mark du Toit from OysterCatcher Investments chose AngloGold as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Coronation Fund Managers.

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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