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Transcript:

I think the retail sector probably has the best chance [...of performing best over the month long World Cup period...] - it’s assumed there will be a lot of spending by all the visitors and particularly in the retail sector, and if I have to say which stock I like best in the sector that’s Shoprite so I would go for that. I don’t think it’s going to be lasting but [...it is...] for one month so that’s it… A long term share pick - I would move away from shares and say I think the move is going to be to hard assets - the hardest one I know is gold. You would say “that’s dull and boring…” It’s not - it was $750 an ounce a year ago and now it’s $1,250. That’s exciting. It’s had three goes at this level around $1,250 an ounce plus or minus a few dollars - it may be building up and when it breaks through it could easily move significantly higher maybe by $100 or a couple of hundred dollar and that could happen in the next quarter or in the second half of this year. There is so much uncertainty on the currency front particularly in the euro zone - I think the euro is going to come under pressure again and there will be a move to safe havens the dollar and to gold… If you held it for the last year your total return would be looking pretty good - and you haven’t lost any money and that’s important too… [... Krugerrands so coins and the actually physical coins - and about exchange traded funds like NewGold...] I think that would probably be a good alternative. It’s just that you can take a Krugerrand anywhere in the world and you can go shopping and that appeals to me…

Broker:
Ian Cruickshanks, Nedbank Capital

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