Craig Pheiffer Quotations

All markets are suffering but we are being hit more than others because the index is resource-heavy .. about 40% of the top 40 stocks are resources.

Foreigners have been net buyers of our equities over the last few weeks and I am sure there was selling, especially with the rand at current levels.

I think the only big thing is exchange controls and what is happening on that side and if the minister says something on mining royalties - they have been trying to refine that when it comes to percentages and it's been in the air for some time.

There were big falls on Friday and mining has been an area of interest. The guys are taking this opportunity to buy at slightly cheaper levels.

I think the Budget is going to be positive. The last government numbers up until December point to a small deficit and, pushing it out to the full year, the deficit should be less than one percent of GDP. There is scope for government to spend more and provide more tax relief at the low end of the scale.

Focus is now shifting to financials, which I think were undervalued for a while.