We think we're probably going to end up in a profit-taking phase. What the Fed did was expected - it continued its bias toward tightening and the market just got ahead of itself by running up in advance of that news, so we think we're going to sell off for a while.

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.

People are being careful at the moment. They don't know what is going to happen.

He was the only member of the board who regularly rode Muni, and that got coverage. He was a pioneer as an advocate for transit.

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.