Market Wrap - Stock Pick — cash and SA banks

I think in the short-term cash is still quite good but the banks are starting to look like a good level to start looking to start buying. They are starting to come back close to single-digit PE (price to earnings ratio) with a good dividend, good balance sheets and well-managed businesses, so the banks are a sector of a South African economy I'll be looking at and then offshore you know we still invest quite quite heavily offshore every see that rand come back to about R14 to a US$ and it gets to that point we'd look to take money offshore.