Nick Kunze from Sanlam Private Wealth chose AngloGold Ashanti as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers chose Mediclinic.

Kunze said: “We’re looking at AngloGold Ashanti, I have mentioned it once or twice before, it’s a difficult stock pickers’ market out there, but for us it’s cheap, it’s a single-digit PE [price-earnings ratio], it’s almost at its 52-week low, it’s down 70% year to date.”

Smit said: “I’m going with Mediclinic, I picked it last week as well, but just once again to reiterate, the vaccine [programme] in Switzerland is far better than ... here, the Middle East as well. So they’re sitting with basically about 60% of their businesses in First World countries, so it’s a bit of a rand hedge from where the currencies are at the moment.”

Nick Kunze from Sanlam Private Wealth and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV

Or listen to the full audio:

Subscribe for free episodes: iono.fm | Spotify | Pocket Casts | Player.fm


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.