WATCH: Stock picks — Sasol and oil

Gerbrand Smit from N-e-F-G Fund Managers chose Sasol as his stock pick of the day and Gary Booysen from Rand Swiss chose Brent Crude oil.

Smit said: “I’m going for Sasol, it had troubles for quite some time, we know that it had lots of Louisiana project problems over the last while. I think most of this bad news is priced into them.”

Booysen said: “I’m just going to buy a pure oil contract at the moment. If you look at what happened today, we had the Saudi energy minister coming out on Monday and deliberately saying … that oil is down as much as it is based on the coronavirus [it] is crazy.”