Nolwandle Mthombeni from Mergence Investment Mangers chose Standard Bank as her stock pick of the day.

"If you look at our banking sector, it's one of the best in the world. We have a strong … banking sector and we just saw news about Deutsche Bank having to cut about 18,000 staff and also getting rid of one of the equities trading divisions since they've really come under pressure during the global financial crisis.

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