Picture: 123RF/GALINA PESHKOVA
Picture: 123RF/GALINA PESHKOVA

Nesan Nair from Sasfin Securities chose Shoprite as his stock pick of the day and Gary Booysen from Rand Swiss chose Invesco global water ETF.

Nair said: “I’m going to go with a local stock, a local retailer. You’ve got some quality businesses out there and Shoprite for me is one of those. If we do end up getting a harder lockdown, they will probably benefit because people won’t be able to go to restaurants any longer.”

Booysen said: “I’m going for an internationally listed ETF and it primarily tracks Nasdaq-listed companies. It’s called the Invesco global water ETF and it’s just to play into a theme around clean water and investing in water.”

Nesan Nair from Sasfin Securities and Gary Booysen from Rand Swiss talk to Business Day TV

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