BROKERS’ NOTES: Buy Tsogo, sell City Lodge

BROKERS’ NOTES: Buy Tsogo, sell City Lodge

Sven Forssman, head of equity sales at Kela Securities, on what the smart money is doing. Picture: SUPPLIED Sven Forssman, head of equity sales at Kela Securities BUY: Tsogo Sun Hotels We like hotel stocks as tourism is accelerating and occupancies are increasing. The...
BROKERS’ NOTES: Buy Nedbank, sell Motus

BROKERS’ NOTES: Buy Nedbank, sell Motus

Sven Forssman, head of equity sales at Kela Securities BUY: Nedbank We think Nedbank is a buy. The stock sits on a p:e of 8.37 times and a dividend yield of 7%. The bank’s 26% increase in interim headline earnings was achieved without much from the unwind in...
Rolling blackouts hurt SA economy

Rolling blackouts hurt SA economy

South Africa is bracing for more power cuts this week following announcement to expect varying degrees of load shedding this week, starting with Stage 6 this afternoon. The power cuts are starting to put SA’s growth forecasts for this year into questions, with...