Two South African companies that could benefit if load-shedding returns

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Headline,MTN,Naspers

Analysts gave their stock picks, including one tech and one telecoms company, which could benefit when load-shedding returns.

Naspers and MTN could benefit if load-shedding resumes. Naspers is a rand hedge, and MTN has invested heavily to protect its network against power cuts., two investment experts explained why they believe Naspers and MTN were their picks as two load-shedding-resilient stocks.

While its Tencent shareholding might protect Naspers from the weak performance of the rand, the company is highly exposed to developments in China. Sanlam Investments’ Roy Mutooni said that companies that had built up resistance to load-shedding — including retailers like Pick n Pay and Shoprite — would be among the major beneficiaries if the power cuts should return.

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