These guys are being forced to offer cheaper and cheaper products - as in lower margin products - in what amounts to a parity product offering marketplace. These guys will eventually give up trying to make money out of asset management and outsource it all in my view. Moreover the real marketplace sales wise for them is Africa South. And we know that dodo's look more alive than this place at the mo'. But its also instructive that OST has just indicated a "sell" on Sanlam - who run a better quality shop? OML is now less expensive than it was and I regard it as a long term good dividend payer. No point in dumping mine. Discovery( lots of smoke and mirrors) will pay poor dividends for years to come on the other hand.