Market Wrap - Stock Pick — MTN

Sam Mokorosi from Vunani Capital chose MTN as his stock pick of the day. "One company that seems to be pulling itself out of a mess is MTN, all the issues around Nigeria being a damper on their performance, but, they have come out with a fairly sensible disposal strategy and they have started to act on that. They are also shareholders of Jumia which is listed on the NY stock exchange. It is a strong West-African e-commerce platform and although they are looking to come out of that, they have done well in that investment."