Yes – I said this long ago – that capitec is a strange phenomenon? It is a "sub prime lender" who shares just keep going up and up even in poor market conditions. That's the warning sign – its peers, shares prices were falling and capitec was rising that was the anomaly. Its retail bank is just a front. It does not have clients in the upper lsm markets, does not do normal financing activities etc. So what makes it a commercial bank? I think these viceroy guys are onto something.