Ricus Reeders from PSG Wealth Sandton chose Novo Nordisk as his stock pick of the day and Graeme Körner from Körner Perspective chose African Rainbow Capital Investments (ARC).

Reeders said: “[Novo Nordisk is] a pharmaceutical company from Denmark; [its] big thing is in the treatment of diabetic type one.”

Körner said: “I like the underlying portfolio, a lot of the businesses are sort of fairly small and are not really popping on to anybody’s radar, but you know a little while ago they bought Capital Legacy, for example. They’ve got some very interesting financial services companies in there.”

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