Naspers and Merafe Resources

Wayne McCurrie from FNB Wealth & Investments chose Naspers as his stock pick of the day and David Shapiro from Sasfin Securities chose Merafe Resources.

McCurrie said: "Going for Naspers, I think they will backtrack when they when they see the market reaction because they are clearly as David said earlier aware of the market and aware of of the reactions and they need big tech. There's lots of reserve in the Naspers share price to put it another way, there's lots of inherent value there if all of the other investments come to fruition over time."

Shapiro said: "You have to look at Marefe, they came out with their results and I always like to go through numbers, the share's trading at 80 cents, I think it's up to 90 now. They have got 700 or almost 800 million rand on the balance sheet in cash, the market cap is only about 2 billion or just over so that's 30,35 to 40% in cash the earnings from a massive minus number last year it's suddenly gone up to around 23, so if that was for the half year and they doubled it the shares are on a 2PE, I can't find anything to counter it so, if anybody wants a wild punt and it's only for a few bob, this has got to be that."