Picture: 123RF/SOLAR SEVEN
Picture: 123RF/SOLAR SEVEN

Nesan Nair from Sasfin Securities chose dollar-rand as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers chose Glencore.

Nair said: “I’m going to go for the rand-dollar exchange rate. I think the rand is on a tear, it looks like it might end the year below R15 to the dollar. That’s going to be my stock pick today.”

Smit said: “I’m going to go for Glencore, it was out of favour for quite some time. Its commodities were not booming, it didn’t have iron-ore exposure, which helped the other diversified miners.”

Nesan Nair from Sasfin Securities and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV

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