Bruce Whitfield spoke to Byron Lotter, portfolio manager at Vestact, about his selection of shares on the stock market.
Lotter chose the following shares for the weekly "Stock Pick Monday" feature: Naspers, Famous Brands and Mediclinic.
Listen to the conversation below:
...Software and connecting people is really where money is to be made... Naspers has been integral in that part especially with their e-commerce business.— Byron Lotter, portfolio manager at Vestact
When it comes to eating out, the upper middle income group are spending more and more because they don't have time to cook... (Famous Brands) have zero debt in their book and they are sitting on about R150m in cash...— Byron Lotter, portfolio manager at Vestact
Mediclinic are the third largest hospital group in the world. They are a big consolidator in a very segregated sector... They have a good mix of earnings coming from the Middle East and South Africa.— Byron Lotter, portfolio manager at Vestact