WATCH: Stock pick — long rand
Viv Govender from Rand Swiss Offshore chose to go long on the rand as his stock pick of the day.
“I’m going long on the rand and I think that we’ve seen a bit of resistance in terms of weakening at about the R15,40/$. We have seen some good news about the inflation rate today, which got us to about R15.20.”
Source: businesslive.co.za