It will have to be abolished at some time.

This will lower the cost of capital and the investment hurdle rate, make SA more attractive for foreign direct investment, and support foreign portfolio investment in (local) equities.

When you have an economy that is 35 percent larger than ten years ago and you are still running on the same infrastructure, then you are heading for trouble.

This is causing losses at all sorts of levels, losses in business and losses in production that cannot be denied. If it persists then it will be negative for investment.

This would increase the attraction of South Africa as a country to invest in.

Historically August has the reputation of being one of the poorer performing months but, this time around, with some of the rate fears about the Fed's meeting seemingly cooling off, this August may not be too bad. In the short term, we expect stock prices to work their way higher.