WATCH: Stock picks — Transaction Capital and Adcock Ingram
Ricus Reeders from PSG Wealth Sandton and Devin Shutte from The Robert Group talk to Business Day TV
Ricus Reeders from PSG Wealth Sandton chose Transaction Capital as his stock pick of the day and Devin Shutte from The Robert Group chose Adcock Ingram.
Reeders said: “Possibly a little bit cynical, but it’s Transaction Capital. They’re in the business of funding the taxi industry and government has put in a lot that will save the industry and Transaction Capital has said that the industry has almost returned to pre-lockdown levels.”
Shutte said: “I’m also going for a stock that generates most of its revenues in SA, it’s called Adcock Ingram, a really solid pharmaceutical manufacturer.”
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