Over the past decade and a half, there have been a number of instances where strategic equity partners, SEPs, have in fact been introduced. We need to take the opportunity to reflect and learn from some of these experiences. Then, I give six instances. Firstly, Denel Airmotive and Turbomeca SA, a French company. Secondly, Airports Company South Africa, Acsa, and Aeroporti di Roma, an Italian entity and I believe this was later reversed. Thirdly, Denel Aerstructures and sub aerostructures.