RMH and Transaction Capital

Chantal Marx from FNB Wealth & Investments chose RMH as her stock pick of the day and Neelash Hansjee from Old Mutual Investments chose Transaction Capital.

Marx said: "At a whopping R1,90 my stock pick is Rand Merchant Holdings, it used to have a big stake in FirstRand which they unbundled about a year or so ago and now all they have left is some property and a little bit of cash. Initial they were looking to grow that property portfolio or invest into it, but they have since changed their tune and I think they are progressively winding up that business."

Hansjee said: "My stock pick is Transaction Capital, it's literally a company that is driving SA forward and is basically a play on community and mobility in South Africa. They purchased We Buy Cars in September last year as you saw car purchases recovering, so the timing was just incredible."