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27
August 2025
Schalk Louw featured on Stock Picks on Business Day TV, 27 August 2025
Schalk Louw, Wealth Manager
Wealth
Schalk Louw Doubles Down on FirstRand in Latest Stock Pick
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On the 27 August edition of Business Day TV’s Stock Watch, Schalk Louw named FirstRand as his stock pick of the week, citing a combination of legal victories, strong financial metrics, and broader economic potential.
He highlighted FirstRand’s recent success in a UK Supreme Court case concerning motor finance commissions, which was overturned in the bank’s favor. He views this as a positive development for the group’s international operations.
He also emphasized the relative undervaluation of South African banks, noting that FirstRand is trading at around two times price-to-book, which he considers still cheap given its return on equity (ROE) of 21% and a solid dividend yield.
Louw believes that even a modest uptick in the South African economy could significantly benefit the banking sector.
“I’m doubling down on SA banks,” Louw said, “and FirstRand is definitely one of my better picks”
You can listen to the full recording here:
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