Stock Watch
WATCH: Stock picks — Standard Bank and AutoNation
Mark du Toit from OysterCatcher investments and Zwelakhe Mnguni from Benguela Fund Managers talk to Business Day TV
16 April 2021 - 09:59
Mark du Toit from OysterCatcher Investments (https://youtu.be/v8SDJmFdZjs) chose Standard Bank as his stock pick of the day and Zwelakhe Mnguni, Benguela Fund Managers (https://youtu.be/v8SDJmFdZjs) chose AutoNation.
Du Toit said: “We like the SA banking sector and within that Absa and Standard Bank. Standard Bank, in particular, has been a little bit weaker than the rest over the past few weeks and that’s possibly because of market participants maybe worrying about a slow vaccine rollout into Africa.”..
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