Market Wrap - Stock Pick — Growthpoint

Waldo du Plessis from Nitrogen Fund Managers chose Growthpoint as his stock pick of the day. "Growthpoint is my stock pick, I think Growthpoint and Emira are almost are yielding the same price. Now keep in mind that Growthpoint is a Top40 stock, it's very liquid and it's run by some of the best CEOs in the SA space. They've got a huge stake in Growthupon Australia and they own the VNA waterfront. Yes the property space has fallen on hard times but at this level of around R20 and at 11.5% yield it looks really attractive."