let's talk more about this with edwin gutierrez from ab eerdeen asset management. let's start with south africa. s&p downgrading s&p to junk. moodys placing government bonds ton a downgrade as well. how do you see this? >> moodys is in a wait and see mood and waiting to see whether the key institutions for south africa, the treasury and bank are hindered by this cabinet reshuffle. i think that's going to be key to determine whether moodys decides to join s&p in downgrading them. >> if they do, what are the prospects for investment? how long before investors come back into south africa? >> the key thing is moody's, there was a reprieve yesterday, but that was on review. if moody's would to downgrade them to junk and the local currency bonds, that's where a lot of foreign exposure, that's where you could see forced selling. if south africa is downgraded by moody's t could drop out of the city or government bond index, followed by a number of investors globally, that's the true threat to south africa. >> we understand. >> let's talk about venezuela meeting. we had thi