13 Feb Market Wrap- Stock Pick - British American Tobacco
Nesan Nair from Sasfin Securities chose British American Tobacco as his stock pick of the day, one of the rand/hedges. Right now you want to stay defensive and it is very difficult to pick South African counters right now. Retailers is one to stay away from, the Banks look cheap but they are most probably going to be hit harder and it depends on what the Budget comes up with. But for the time being stay Rand hedged.