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Sekunjalo expands its presence in Financial Services Sekunjalo Investments Limited (Incorporated In The Republic Of South Africa) (Registration Number 1996/006093/06) SHARE CODE: SKJ ISIN: ZAE000017893 (`SEKUNJALO` OR `THE COMPANY`) 26 July 2005 Sekunjalo expands its presence in Financial Services and Acquires Cynthesys and The African Investment Group Sekunjalo Investments Limited, the diversified investment holding company, has acquired majority stakes in Cynthesys, a business consultancy, and the African Investment Group, an investment and risk management consultancy, as part of its strategic thrust into financial services. Mr Norman Noland, the Executive Deputy Chairman of SEKUNJALO CAPITAL (PTY) LTD, the fast growing Financial Services subsidiary of SEKUNJALO INVESTMENTS LIMITED, says that he is extremely excited by these transactions as the addition of significant intellectual capital within these companies will assist Sekunjalo Capital in growing its businesses and in expanding into other regions in Africa. Cynthesys Cynthesys was formed in 1999 as a South African alternative to the international blue-chip consulting firms. The company focuses on strategy (development and implementation); business transformation and business optimization; human capital development; and IT Solutions. Over the past six years the company has also built a solid track record and a portfolio of blue-chip clients. Cynthesys is widely regarded as one of the best and most skilled independent consulting firms in South Africa. The acquisitions have been structured to include profit warranties over 2 years. The company has also been built on an empowerment philosophy. In addition to a majority black shareholding, a cornerstone of the company`s approach is the empowerment of clients through the transfer of skills. In both 2003/04 and 2004/05 Cynthesys was rated as one of the Impumelelo Top 300 Empowerment companies in SA. The Cynthesys team will be deployed within Sekunjalo Capital and will support the fast growing subsidiary through strategy implementation and interim management capabilities. In addition the acquisition of Cynthesys will enhance Sekunjalo Capital`s ability to assist other empowerment organisations with their growth and acquisition strategies. African Investment Group The African Investment Group was established in 2003 in order to assist South African and foreign investors with their entry and expansion into the continent. The company`s objective is to position itself strategically at a time of unprecedented political and economic interest in Africa, with anticipated capital inflows in the tens of billions of dollars in the next decade. The company seeks to fill the gap between existing service providers and potential clients through the utilisation of a network of highly trained professionals from across the continent. The African Investment Group provides three core services to clients. These are: integrated risk consulting; corporate and financial structuring and risk insurance products. The group has already secured excellent investment opportunities across the continent, and has thus created a framework for future growth. Commenting on the acquisitions, Dr Iqbal Surve`, the CEO of Sekunjalo Investments Limited, says that `Sekunjalo will commit considerable resources towards building its financial services subsidiary and it is anticipated that Sekunjalo Capital will significantly enhance the profitability of the group in future years. As a result of these new acquisitions Sekunjalo Capital will be in a position to consolidate its growth in financial services to date and will also be able to provide services to other empowerment groups and assist in their growth and also in their expansion into Africa.` For Further information Contact: Melody Mjila Group Communications Manager Sekunjalo Investments Limited Tel: 021 658 2700 Fax: 021 658 2714 Email: melody@sekunjalo.com Date: 26/07/2005 05:13:40 PM Produced by the JSE SENS Department
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