Stock Watch- Stock Picks - Swedish Match AB and African Rainbow Minerals
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Mark du Toit from Courtney Capital Private Wealth chose African Rainbow Min Ltd and says that the commodity story is not over yet, and although they are in late cycle there's no real investment in new mines taking place which are pushing the supply and demand prices up.
Jean Pierre Verster from Fairtree Capital chose Swedish Match as his stock pick of the day. "Snus is a pouch of tobacco that the Swedes like to put between the front teeth and the upper lip and they have a dominant market share in Sweden and they've now created a non tobacco product called Zyn that's selling hand over fist in the US. It's quite tight regulations where you can smoke, tobacco is bad for you and this doesn't have tobacco it only has nicotine you can put it against your front lip. Swedish match is making a lot of money selling this product called Zyn. In Sweden they're dominant in snus, they also sell cigars they were in tobacco products like cigarettes previously, they also that.
Jean Pierre Verster from Fairtree Capital chose Swedish Match as his stock pick of the day. "Snus is a pouch of tobacco that the Swedes like to put between the front teeth and the upper lip and they have a dominant market share in Sweden and they've now created a non tobacco product called Zyn that's selling hand over fist in the US. It's quite tight regulations where you can smoke, tobacco is bad for you and this doesn't have tobacco it only has nicotine you can put it against your front lip. Swedish match is making a lot of money selling this product called Zyn. In Sweden they're dominant in snus, they also sell cigars they were in tobacco products like cigarettes previously, they also that.
