Mark du Toit from Oyster Catcher Investments chose Gold Spot Indicator as his stock pick of the day and Nesan Nair from Sasfin Securities chose Firstrand

du Toit said: I'm picking gold this evening and not because the markets are necessarily down today but I think what we are going to see is a lot of stimulus coming through after coronavirus settles. That's going to put interest rates even lower than they are now and I think that environment is largely positive for gold. Even if the markets also rolls over and the coronavirus has a more long long-lasting effect I think you'll see money coming out of places like the US and the S&P500, that's been kind of everybody's base bid for the last ten years and it's going to look for a home so I think that everyone should have just a little bit more in gold for the next while because I think it'll perform the develop market currencies.

Nair said: "I'm going for a fixed income instrument, FirstRand prevs. They were trading at close R85-R86 not so long ago, they came back to the mid-70s now. I think there's a big seller in the market and once that person has done what they need to do in terms of selling out I think you'll see a recovery in this. It's on a 10% dividend yield, after dividend's tax it's eight percent - a great investment"