Market Wrap - Stock pick — Santam
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Nolwandle Mthombeni from Mergence Investment Managers chose Santam as her stock pick of the day
"My stock pick is Santam, they are a short term insurance provider and they have a steady staple stock to be holding in this environment. They are not as cheap and they haven't fallen as much as the rest. I'm still paying for my premiums and there are no accidents happening on the roads anytime soon, so I think they're largely a safe bet and they've got a strong balance sheet as well which helps."
"My stock pick is Santam, they are a short term insurance provider and they have a steady staple stock to be holding in this environment. They are not as cheap and they haven't fallen as much as the rest. I'm still paying for my premiums and there are no accidents happening on the roads anytime soon, so I think they're largely a safe bet and they've got a strong balance sheet as well which helps."
