WATCH: Stock picks — Farfetch and SA government bonds
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
03 December 2020 - 08:40
byBusiness Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Stock Watch
WATCH: Stock picks — Farfetch and SA government bonds
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
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
JAMIE CARR: Boeing approaching a crash-landing
Johann Rupert bets big on China
Market data — December 1 2020
EDITORIAL: Time for the ANC to openly dump its nonstarter prescribed assets plan
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.