Graeme Körnerfrom Körner Perspective chose ​African Rainbow Capital Investments as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers chose Standard Bank.

Körner said: "African Rainbow Capital released its results today obviously they did a rights issue a while ago and a lot of people are critical of the valuations of Rain and Time Bank. Time Bank now has 2.7 million customers Rain is doing well so with a 50% discount to NAV I really like that financial services portfolio. For me, I don't think you are going to loose money on this one on a five year view"

Smit said: "I'm picking Standard Bank, they're actually paying a little bit of a dividend and I think they're still sitting at about a 30% discount to what they should be on the middle case scenario."