WATCH: Stock pick — Vodacom

Kyle Burgess from Nedbank Private Wealth chose Vodacom as his stock pick of the day.

He said: “Looking at how the share price has come down, not as significantly as its counterpart MTN, but coming down to R120 a share, it’s an SA Inc telco play that pays out a nice dividend and could be a nice alternative to investors that are holding MTN, since investors are repricing African risk at this stage.”