Market Wrap

Market Wrap - Stock pick — Government bonds


Listen Later

Kwame Antwi from KOA Capital chose Government bonds as his stock pick of the day. "We've been discussing this for the last couple of weeks and every time I come here I am fairly conservative. I prefer bonds, if you look at the 10 year government bonds you are getting a yield of almost 9%. Inflation is just under 4,5% so you are getting just about 450 basis points for your yield. Given the uncertainty around the economy and global markets, I think the more likely direction for interest rates in South Africa is downward, so you are going to get some capital appreciation. I think it is a nice place to hide untill we get some clarity on the economic front.
...more
View all episodesView all episodes
Download on the App Store

Market WrapBy Business Day TV