Market Wrap - Stock picks — Standard Bank

Caroline Cremen from Adviceworx chose Standard Bank Group as her stock pick of the day. "I'm going to contradict myself because I have said that South African equities is not a great place to be but, when looking at a company like Standard Bank, it's such a quality company, it is so defensive even while we are having the worst cycle at this point it has got a 6% dividend yield, its PE is below 10 and there is no reason for Standard Bank to be trading at such a discounted rate "