Market Wrap - Stock Pick — Standard Bank
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Caroline Cremen from Adviceworx chose Standard Bank as her stock pick of the day
"Standard Bank is very well positioned to expand into Africa which will see their African operations grow. The purchase of a fin-tech company in South Africa is looking to extend banking service to the unbanked. They're in a great position in fin-tech generally, they're well capitalised and they can certainly spend more money on these things than some of the newer banks can. They also have a wonderful dividend yield of about six"
"Standard Bank is very well positioned to expand into Africa which will see their African operations grow. The purchase of a fin-tech company in South Africa is looking to extend banking service to the unbanked. They're in a great position in fin-tech generally, they're well capitalised and they can certainly spend more money on these things than some of the newer banks can. They also have a wonderful dividend yield of about six"
