Ian Cruickshanks from SA Institute of Race Relations chose cash as his stock pick of the day, while Graeme Körner from Körner Perspective chose City Lodge Hotel Group.
Cruickshanks said: “I believe that being sure of getting your money back at the end of a fixed period is the most important factor and that sort of security is very important. The SA economy hasn’t disappeared into a big black hole, we have great management, innovative and very able in difficult circumstances. They will pull it right in time and, at that stage, I want to have cash so that so we can get fully or overinvested within the next five years.”
Körner said: “I have a slightly different view, for 2019, the GDP numbers are in and we know it’s terrible. We look forward and I’m going to go with City Lodge. I think it’s an incredibly well-run and well-placed business. If the president is effective in galvanising the country and we start to see a little good news, which would be really nice, then suddenly business travel will start picking up and you will see 60% occupancy rate move up to 63%.”
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