Deryck Janse van Rensburg from Anchor chose cash as his stock pick of the day and Gary Booysen from Rand Swiss chose a structured product.

Janse van Rensburg said: "I'm very concerned about the level of equity markets, I have been positioned in other asset class as being the bond market and your money market type solutions. That has just really been a parking bay to keep an eye on the currency. We had down grades for SA, we saw the currency move beyond R19 to the dollar and we're finally getting a bit of rand strength and some reprieve in that and it's at R16,90 at the moment. As we move towards R16,50 I'm certainly goning to start being a dollar buyer. So to answer the question near cash solutions getting ready to buy dollars."

Booysen said: "We are very cautious and still hold our core equity holdings, but I think for new money at the moment, because of the disconnect between what the real markets are doing we price up something. We have a platform to price and create our own structured products, so we linked it to a structure where we take on the credit risk of a double a-rated bank. It would be a 4 year structure with a 30% capital protection downside and then essentially just linking to the S&P upside. A four year period is going to give you 47% in dollars.