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Tue 29 Jul 2003, 16:39 Sekunjalo - FURTHER CAUTIONARY ANNOUNCEMENT
SEKUNJALO INVESTMENTS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/006093/06)                                            
Share Code: SKJ  ISIN: ZAE000017893                                             
("Sekunjalo")                                                                   
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the announcement published on 10 June 2003 shareholders are advised  
that the negotiations referred to therein are continuing.                       
As these negotiations may have an effect on the price at which Sekunjalo shares 
trade on the JSE Securities Exchange SA, shareholders are advised to continue to
exercise caution when dealing in their Sekunjalo shares until a further         
announcement is made.                                                           
Cape Town                                                                       
29 July 2003                                                                    
Corporate advisor and sponsor                                                   
Sasfin Bank Limited                                                             
(Registration number 1951/002280/06)                                            
Attorneys                                                                       
Mallinicks Attorneys
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