The Invicta trading update was a shocker, with HEPS expected to be 20%-30% lower as a result of the serious strikes the country saw in the first six months of this year. It is not only a case of Invicta’s clients losing revenue during the strikes but also curtailing of capex spend (witness Lonmin) closing down and/or scaling back operations. Our mining and manufacturing sectors have been under pressure for years and conditions are unlikely to improve anytime soon, and Invicta is going to find it tough for a while. This is why they’ve stated a move to offshore assets, but that is going to take some time. I think we can expect a tough five or so years while they find and bed down international acquisitions.