Mark du Toit from Oyster Catcher Investments chose AngloGold as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Coronation Fund Managers.

du Toit said: "I'm picking AngloGold, you have to make sure that you're happy with holding a gold share, we think the gold prices only just recently made a new high and we think it will go higher from here.AngloGold is probably still trading 25% below - if you pricing the current gold price. We think the CEO is doing a good job of paying down the debt on the balance sheet."

Reeders said: "I'm going for Coronation Fund Managers, they have a dividend policy where they pay out X amount of earnings. I don't think is going there is going to be a huge draw down on assets under management so in that respect a dividend is pretty safe. Coronation has fallen in line with the market but at the moment if you're looking for yield, and I don't think there is a lot of down side as far as the share price is concerned then yes, Coronation is defensive, it's asset management and you're getting a pretty good pretty safe yield."