Standard Bank. Picture: FINANCIAL MAIL
Standard Bank. Picture: FINANCIAL MAIL

Ricus Reeders from PSG Wealth Sandton chose Scottish Mortgage as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Management chose Standard Bank.

Reeders said: “My pick is Scottish Mortgage, which is an investment company. They’ve been going for 100-plus years and their whole idea is to buy both listed and growth companies with a 10-15 year holding period.”

Smit said: “I’m going for Standard Bank ... I think they were the better ones coming out with results, they certainly did much better than all three of the other big banks.”

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