Market Wrap - Stock Pick - Barloworld

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Sam Mokorosi from Vunani Capital chose Barloworld Ltd as his stock pick of the day

‘Barloworld came out with their BEE scheme, it's a property BEE scheme that we thought was quite innovative. They are selling all their properties into a SPV, management and staff are participating in that SPV but every black South African is also welcome to participate in that. The minimum check size is R2500 and I think that is a really good retail BEE scheme for everyone to go in. It is 80% geared but it is non-recourse debt so I think it is a very interesting one.“
14 Apr 2019 2AM English South Africa Business · Business News

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