Wayne McCurrie from Ashburton Investments chose Standard Bank (R170.19/+1.56%) as his stock pick and David Shapiro from Sasfin Securities chose Naspers (R3,479.3/ -0.59%). McCurrie says Standard Bank is a good South African share that will benefit from a Cyril Ramaphosa win. If he does not win, Standard Bank shares will fall, but not by that much because they are not terribly expensive to start off. Shapiro chose Naspers because it is at a 30%-40% discount to the underlying value of Tencent. The management team is attempting to close that gap. There will be a capital gains tax of between 15% and 20% that the company may have to pay. Shapiro still likes Tencent, which he believes will continue to run, while Naspers tries to close the gap. OR LISTEN TO THE FULL SHOW:
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.