Nick Crail from Ashburton Investments chose Shoprite as his stock pick of the day and Graeme Körner from Körner Perspective chose Absa.

Crail said: "Shoprite yes, I think it comes down to the quality nature the market share, the dominance of a particular company within a certain sector. I think if you have a look at SA inc as a whole, the momentum is truly against SA inc shares and hence while the sentiment remains as bearish and continues being bearish, you're going to watch all of them take a bit of a beating. It's not to say that there haven't been slight missteps along the way, however I think if you look at their corporations let's take Shoprite as the example here, in SA performing pretty well and really set up to be defensive in this current market. There are some questions around their African operations but I think on a longer term basis, certainly missteps that they can get around and ultimately continue pushing through for growth over the over the long term. So, certainly a company that I think is very attractive at these these levels."

Körner said: "Out of the banks in my mind Absa is looking the cheapest, I think a lot of people feel that they are in Sleepy Hollow because they we're sitting without a permanent CEO for quite a while, they now have that. I think it is somebody who's highly rated and Absa is probably ready outside of the Barclays fold to really take on a new future. African operations are now material assets in their world but it's as simple as - can you argue with an 8 PE? Now we can have a debate are the earnings going to go up or down, you know what an 8 PE forgives a lot never, dividend yield of 7,5% historic I think a forward is over 8, you're getting better than you're getting on cash. So, I know there's going to be a lot of angst between SONA and the budget, but those are valuations that we haven't seen in a very long time and I think from my point of view is the SA banks obviously, you've got the new kids on the block but those