WATCH: Stock picks — Scottish Mortgage and Standard Bank
Ricus Reeders from PSG Wealth Sandton and Gerbrand Smit from N-e-F-G Fund Management talk to Business Day TV
Reeders said: “My pick is Scottish Mortgage, which is an investment company. They’ve been going for 100-plus years and their whole idea is to buy both listed and growth companies with a 10-15 year holding period.”
Smit said: “I’m going for Standard Bank ... I think they were the better ones coming out with results, they certainly did much better than all three of the other big banks.”
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