WATCH: Stock picks — gold ETF and BAT

Alex Duys from Umthombo Wealth and Joseph Busha from JM Busha Investments talk to Business Day TV

Duys said: “I’m concerned about global prospects and we favour the gold ETF at this particular stage. Considering that industries will probably remain lower for longer as all country’s fiscal position looks dire.”

Busha said: “Many may disagree, but I’m going for British American Tobacco, they have promised to maintain their payout ratio of 65% and they offer a 6.5%-7% dividend yield.”

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