David Shapiro from Sasfin Securities chose Farfetch as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose SA government bonds.

Shapiro said: “I’m going with Farfetch, they are a luxury goods e-commerce company that Richemont has bought into and [have] had a tremendous run.”

McCurrie said: “It’s been very tough for many pensioners that rely on a yield, so whether you bought preference shares, property shares or fixed deposits at the bank, with this fall in interest rates you know your income has been severely constricted and a lot of them are truly battling. Unfortunately interest rates are going to stay low for the next year, maybe even a little bit longer, but they will inevitably go up, so your yield will go up and the only real place to get a decent yield is with SA government bonds.”

David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.