Stock Watch - Stock Picks - Sasol and Richemont

Gerbrand Smit from Nefg Fund Management chose Sasol Limited as his stock pick of the day. The stock has gone down about 30% in the last six months. The currency strength the oil price came down. Everyone forgets that Sasol is busy building a plant in Louisiana should add around R180 a share. A good company in the long term. They do have a few headwinds with the oil price at the moment and the currency that is strengthening gives an excellent buying opportunity.

Greg Katzenellenbogen from Sanlam Private Wealth chose Compagnie Fin Richemont as his stock pick of the day. The stock took a knock today as the Swatch results were not great but 27% of Swatch products trade at $500 or less whereas only 7%of Richemont watches trade at that level so it's a much higher end watch. The Euro was stronger today which is not good from Richemont as it makes their products a lot more expensive. At the current levels with the strong rand so from a risk/reward standpoint, buying Richemont at R90 is a very good deal.