SENS Announcements



 
30/10/2014 Sekunjalo Investments Limited - Trading Statement

Trading Statement

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ & ISIN: ZAE000017893
("Sekunjalo" or "the Company" or “the Group”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty
exists that its financial results for the current reporting
period will differ by 20% or more compared to the same period
in the prior year.

Sekunjalo shareholders are hereby advised that it is expected
that the Group’s headline earnings per share for the year
ended 31 August 2014 will be between 19.11 cents to 20.33
cents per share compared to the 6.10 cents in the prior year,
an increase of between 213% and 233%.

Shareholders are further advised that it is expected that the
Group’s basic earnings per share for the year ended 31 August
2014 will be between 19.09 cents to 20.31 cents compared to
6.08 cents in the prior year, being an increase of between
214% and 234%.

The abovementioned financial information on which this trading
statement is based has not been reviewed or reported on by the
Company’s auditors. The annual financial results of Sekunjalo
are expected to be released on SENS on or about 4 November
2014.

Cape Town
30 October 2014

Sponsor
PSG Capital

Date: 30/10/2014 04:32:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

08/09/2014 Sekunjalo Investments Limited - Change Of Company Secretary

Change Of Company Secretary

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ
ISIN: ZAE000017893
(“Sekunjalo” or “the Company”)

CHANGE OF COMPANY SECRETARY

In accordance with paragraph 3.59(a) and (b) of the Listings
Requirements of the JSE Limited, shareholders are hereby advised
of the following changes in relation to the Company Secretary of
the Company:

1. Ms Cherie Hendricks has resigned as Company Secretary with
immediate effect; and

2. Mrs Carmelita Arendse has been appointed as the new Company
Secretary with effect immediate effect.

8 September 2014
Cape Town

Sponsor
PSG Capital

Date: 08/09/2014 10:00:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

10/07/2014 Sekunjalo Investments Limited - Dealing In Shares By An Associate Of A Director And Disclosure Of Acquisition Of Securities

Dealing In Shares By An Associate Of A Director And Disclosure Of Acquisition Of Securities

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ
ISIN: ZAE000017893
(“Sekunjalo” or “the Company”)

DEALING IN SEKUNJALO INVESTMENTS LIMITED SHARES BY AN ASSOCIATE OF A
DIRECTOR AND DISCLOSURE OF ACQUISITION OF SECURITIES

In compliance with rules 3.63 to 3.74 of the JSE Limited’s Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR MI Surve
COMPANY OF WHICH I AM A DIRECTOR Sekunjalo Investments Limited
STATUS:EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 10 July 2014
CENTS PER SHARE 50
NUMBER OF SECURITIES TRANSACTED 14 670 000
TOTAL RAND VALUE OF SECURITIES R7 335 000.00
NAME OF ASSOCIATE Sekunjalo Investment Holdings
(Pty) Ltd
RELATIONSHIP WITH DIRECTOR Director is a director of the
associate
NATURE OF TRANSACTION Purchase (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Indirect non-beneficial
THE TRANSACTION
CLEARANCE OBTAINED Yes

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008
and section 3.83(b) of the JSE Limited’s Listings Requirements,
shareholders are hereby advised that the Company has received a formal
notification in the prescribed form that Sekunjalo Investment Holdings
(Pty) Ltd has acquired an interest in the securities of the Company and as
such the total interest in the securities of the Company held by Sekunjalo
Investment Holdings (Pty) Ltd is now 57.28% of the total issued “B”
ordinary share capital of the Company.

Cape Town
10 July 2014

Sponsor
PSG Capital

Date: 10/07/2014 10:52:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

07/07/2014 Sekunjalo Investments Limited - Dealing In Sekunjalo Investments Limited Shares By An Associate Of Director And Disclosure Of Disposal Of Securities

Dealing In Sekunjalo Investments Limited Shares By An Associate Of Director And Disclosure Of Disposal Of Securities

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ
ISIN: ZAE000017893
(“Sekunjalo” or “the Company”)

DEALING IN SEKUNJALO INVESTMENTS LIMITED SHARES BY AN ASSOCIATE OF
DIRECTOR AND DISCLOSURE OF DISPOSAL OF SECURITIES

In compliance with rules 3.63 to 3.74 of the JSE Limited’s Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR K Abdulla
COMPANY OF WHICH I AM A DIRECTOR Sekunjalo Investments Limited
STATUS:EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 07 July 2014
CENTS PER SHARE 58
NUMBER OF SECURITIES TRANSACTED 10 231 708
TOTAL RAND VALUE OF SECURITIES R5 934 390.64
NAME OF ASSOCIATE The Fisk Trust
RELATIONSHIP WITH DIRECTOR Director is a trustee of the
associate
NATURE OF TRANSACTION Disposal (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Indirect non-beneficial
THE TRANSACTION
CLEARANCE OBTAINED Yes

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008
and section 3.83(b) of the JSE Limited’s Listings Requirements,
shareholders are hereby advised that the Company has received a formal
notification in the prescribed form that The Fisk Trust has disposed of an
interest in the securities of the Company, in accordance with The Fisk
Trust’s funding agreement and as such the total interest in the securities
of the Company held by The Fisk Trust is now 2.81% of the total issued “B”
ordinary share capital of the Company.

Cape Town
07 July 2014

Sponsor
PSG Capital

Date: 07/07/2014 12:33:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

27/05/2014 Sekunjalo Investments Limited - Dealing In Sekunjalo Investments Limited Shares By An Associate Of A Director

Dealing In Sekunjalo Investments Limited Shares By An Associate Of A Director

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share code: SKJ
ISIN: ZAE000017893
(“Sekunjalo” or “the Company”)

DEALING IN SEKUNJALO INVESTMENTS LIMITED SHARES BY AN ASSOCIATE OF A
DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited’s Listings
Requirements, the following information is disclosed:

NAME OF DIRECTOR MI Surve
COMPANY OF WHICH I AM A DIRECTOR Sekunjalo Investments Limited
STATUS:EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 23 May 2014
CENTS PER SHARE 42
NUMBER OF SECURITIES TRANSACTED 2 000 000
TOTAL RAND VALUE OF SECURITIES R840 000.00
NAME OF ASSOCIATE Haraas Trust
RELATIONSHIP WITH DIRECTOR Director is a trustee of the
associate
NATURE OF TRANSACTION The conversion of unlisted A class
ordinary shares to listed B class
ordinary shares. The A class
ordinary shares are converted at
their original issue price on 13
April 1999. (Off-market
transaction)
NATURE AND EXTENT OF INTEREST IN Indirect, non-beneficial
THE TRANSACTION
CLEARANCE OBTAINED Yes


Cape Town
27 May 2014

Sponsor
PSG Capital

Date: 27/05/2014 09:00:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

22/04/2014 Sekunjalo Investments Limited - Media Release: Sekunjalo Posts Impressive Interim Results

Media release: Sekunjalo posts impressive interim results

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: SKJ and ISIN: ZAE000017893
(“Sekunjalo” or “the Group” or “the Company”)


MEDIA RELEASE

22 April 2014


SEKUNJALO POSTS IMPRESSIVE INTERIM RESULTS

Group Revenue Up By 7%
Operating Profits Increased By 18%
Profit Before Taxation Up By 35%
Total Assets Increased by 7%
Tangible net Asset Value Up By 7%

South Africa’s leading empowerment company, Sekunjalo
Investments Limited today reported solid results in bottom line
earnings, cash flow and net asset value for the interim period
ended 28 February 2014.

The Group, as an investment holding company, has set its
objective to increase net asset value (NAV) by improving the
operational performance of its underlying businesses and
investments, and has done so successfully for the period under
review.

The Executive Chairman of Sekunjalo Investments Limited, Dr
Iqbal Survé said he is delighted by the performance of the
listed subsidiary of the Sekunjalo Investment Holding Company.

Dr Survé has indicated that he is particularly pleased that the
fishing and IT subsidiaries, as well as the investments in
Pioneer Foods and British Telecom all continue to perform
strongly, which has strengthened the Group’s financial position.

Dr Survé has mentioned that the performance has to be applauded,
as traditionally Sekunjalo’s results for the first half of the
year are not as good as the second half of the year due to the
seasonal nature of some of the businesses in the Group.

Group revenue has grown by 7% from the prior interim period due
to the strong operational performance of the underlying
businesses. The Group’s gross profit percentage of 32% was
achieved by improved margins and driving efficiencies throughout
the Group’s operations.
Profit before taxation for the period increased significantly to
R32.7million by R8.5million compared to the prior period of
R24.2million, driven mainly by the organic growth of subsidiary
companies and the strategies implemented during the last two
years.

Earnings and headline earnings per share have increased by 13%
and 12% respectively as a result of the operational performance
of the subsidiaries.

The Group’s asset base increased by R61.6million to R959.6
million, from R897.9 million for the comparative period under
review.

Net asset value (NAV) per share grew to 100.23c from 93.79c for
the interim period, while tangible NAV per share grew to 90.17c
from 83.83c for the same period.

Sekunjalo’s CEO, Khalid Abdulla said that this performance was
as a result of improved operational efficiencies, which compares
well with the prior interim period. He is pleased that the
business strategies implemented are showing the expected results
for the six month period under review.

The Sekunjalo Investments strategy of growing NAV by investing
its surplus capital in its underlying businesses is reaping the
benefits as a result of this approach, and the board and the
company are looking forward to a strong performance in the years
ahead.

He said the re-investment in the organic growth of the Group’s
operations are showing the benefits as expected with operating
profits of R38.9million for the period under review
(R32.9million – 2013). Premier Fishing has steadily improved
its performance with the major contribution coming from the
south coast rock lobster and Abalone divisions. The fishing
sector generally performs better in the second half of the year
due to the seasonal nature of the industry.

The Information Technology and Communication operations continue
to perform well above expectation since the successful
implementation of the National Health Laboratory Systems project
which now moves to annuity maintenance mode.

Abdulla said that the healthcare division’s revenue has grown by
29% with the natural chemical range of products in the
healthcare division showing a good improvement in performance.

The performance of the Group’s investments in large
multinational companies, British Telecom Communication Services
South Africa and Pioneer Foods Group have, as indicated, also
contributed to the Group’s solid interim results.
The fishing and ITC divisions have built a strong platform for
further organic growth and the Group is well positioned to
increase its investments further through acquisition.


ENDS

For further comment please contact:

Khalid Abdulla - 083 707 4211
Cherie Hendricks - 021-427 1400 or 083 718 4493

Sponsor: PSG Capital

Date: 22/04/2014 01:00:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

22/04/2014 Sekunjalo Investments Limited - Unaudited Interim Results For The Period Ended 28 February 2014

Unaudited interim results for the period ended 28 February 2014

Sekunjalo Investments Limited

(Incorporated in the Republic of South Africa)

Registration number 1996/006093/06

Share code: SKJ and ISIN: ZAE000017893

("Sekunjalo" or "the Group" or "the Company")

Unaudited interim results for the period ended 28 February 2014

Condensed Group Statement of Comprehensive Income



Unaudited Unaudited Audited
Group to Group to Group to
28 February 28 February 31 August
2014 2013 2013
6 months 6 months 12 months
R'000 R'000 R'000
Revenue 242 047 225 339 569 198
Cost of sales (164 475) (149 271) (390 711)
Gross profit 77 572 76 068 178 487
Other income 3 661 3 834 3 949
Other operating expenses (64 809) (63 103) (181 513)
Fair value adjustments 22 498 16 074 66 193
Investment revenue 7 808 4 768 19 935
Loss from equity accounted investments (4 005) (4 350) (8 039)
Finance cost (9 985) (9 048) (20 347)
Profit before taxation 32 740 24 243 58 665
Taxation (13 220) (8 094) (28 313)
Profit for the period 19 520 16 149 30 352

Total comprehensive income 19 520 16 149 30 352

Total comprehensive income
attributable to:
Equity holders of the parent 18 217 16 134 29 734
Non-controlling interest 1 303 15 618
19 520 16 149 30 352
Basic and diluted earnings per ordinary
share (cents) 3.72 3.30 6.08

Weighted (and fully diluted) average number
of ordinary shares in issue (000s) 489 339 489 339 489 339



Condensed Group Statement of Financial Position

Unaudited Unaudited Audited
Group to Group to Group to
28 February 28 February 31 August
2014 2013 2013
R'000 R'000 R'000
Assets
Non-current assets 750 219 723 636 726 285
Property, plant and equipment 129 239 139 792 126 890
Goodwill 37 325 34 191 37 325
Intangible assets 11 868 14 573 12 783
Investments in associates 108 377 116 606 112 382
Other loan receivables 46 597 61 969 38 763
Other financial assets 403 143 330 525 380 644
Deferred tax 13 742 23 556 17 498
Operating lease asset - 2 424 -

Current assets 207 297 174 275 174 818
Inventory 30 024 25 234 17 765
Biological assets 42 101 38 787 41 798
Other financial assets 1 575 939 2 275
Current tax receivable 174 157 174
Trade and other receivables 96 909 73 477 70 497
Cash and cash equivalents 36 514 35 681 42 309

Assets of disposal groups classified as
held for sale 1 990 - 2 127

Total assets 956 578 897 911 903 230

Equity and liabilities
Equity
Equity attributable to equity holders of parent
Share capital and share premium 403 177 403 177 403 177
Reserves 121 194 121 194 121 194
Accumulated losses (33 920) (65 415) (52 137)
490 451 458 956 472 234
Non-controlling interest 6 065 8 230 4 762
496 516 467 186 476 996
Liabilities
Non-current liabilities 299 649 272 113 282 594
Other financial liabilities 159 116 147 490 149 239
Operating lease liability 1 120 454 598
Deferred tax 138 947 123 830 132 721
Other non-current liabilities 466 339 36

Current liabilities 163 413 158 612 143 640
Trade and other payables 93 645 73 867 77 848
Other financial liabilities 11 316 24 323 38 864
Current tax payable 4 395 5 849 4 009
Provisions 18 054 16 670 21 369
Other current liabilities 109 - 336
Bank overdraft 35 894 37 903 1 214

Total equity and liabilities 956 578 897 911 903 230

Net asset value per share (cents) 100.23 93.79 96.50
Tangible net asset value per share (cents) 90.17 83.83 86.26


Condensed Group Statement of Cash Flows

Unaudited Unaudited Audited
Group to Group to Group to
28 February 28 February 31 August
2014 2013 2013
R'000 R'000 R'000
Cash flows from operating activities (5 697) 2 432 42 959
Cash flows from investing activities (7 385) (13 369) (13 487)
Cash flows from financing activities (27 394) (30 971) (28 063
Total cash movement for the period (40 476) (41 908) 1 409
Cash and cash equivalent at the
beginning of the period 41 095 39 686 39 686

Cash and cash equivalents at the end of
the period 619 (2 222) 41 095


Condensed Group Statement of Changes in Equity
For the period ended 28 February 2014

Attributable Non-
to controlling Total
Parent interest equity
R'000 R'000 R'000
Balance at 1 September 2012 442 823 9 041 451 864
Profit for the period 29 734 618 30 352
Dividends paid - (2 218) (2 218)
Change in ownership ­ control not lost (323) (2 580) (2 903)
Business combinations - (99) (99)
Balance at 31 August 2013 472 234 4 762 476 996
Profit for the period 18 217 1 303 17 168
Balance at 28 February 2014 490 451 6 065 494 164




Condensed Group Segmental Report

Information
Technology Fishing Healthcare
Unaudited Unaudited Unaudited
Group to Group to Group to
28 February 28 February 28 February
2014 2014 2014
R'000 R'000 R'000
Revenue 88 492 119 020 11 547
External sales 88 492 119 020 11 547

Segment results
Operating profit/(loss) 14 713 15 064 (2 072)

Carrying amount of assets 77 170 249 082 37 739
Carrying amount of liabilities 39 919 129 341 9 138





Biotechnology Corporate Group
Unaudited Unaudited Unaudited
Group to Group to Group to
28 February 28 February 28 February
2014 2014 2014
R'000 R'000 R'000
Revenue - 22 988 242 047
External sales - 22 988 242 047

Segment results
Operating profit - 11 217 38 922

Included in segment results:
Fair valuation of investments - 22 498 22 498
Carrying amount of assets 154 180 441 407 956 686
Carrying amount of liabilities 24 909 259 755 462 522
Loss from associate (4 005) - (4 005)


Information
Technology Fishing Healthcare
Unaudited Unaudited Unaudited
Group to Group to Group to
28 February 28 February 28 February
2013 2013 2013
R'000 R'000 R'000
Revenue 103 686 89 404 8 984

External sales 103 686 89 404 8 984

Segment results
Operating profit/(loss) 26 625 3 430 (3 868)

Carrying amount of assets 68 283 250 705 31 622
Carrying amount of liabilities 33 541 124 498 11 888



Biotechnology Corporate Group
Unaudited Unaudited Unaudited
Group to Group to Group to
28 February 28 February 28 February
2013 2013 2013
R'000 R'000 R'000
Revenue - 23 265 225 339
External sales - 23 265 225 339

Segment results
Operating profit/(loss) (4) 6 690 32 873

Included in segment results:
Fair valuation of investments - 16 074 16 074
Carrying amount of assets 177 435 369 866 897 911
Carrying amount of liabilities 24 909 235 889 430 725
Loss from associate (4 350) - (4 350)


Notes

The Media division is managed under the corporate office for the first six months as the bulk of the
revenue is generated in the second half of the year.

Determination of headline earnings

Unaudited Unaudited Audited
Group to Group to Group to
28 February 28 February 31 August
2014 2013 2013
R'000 R'000 R'000
Earnings attributable to ordinary
equity holders of parent entity IAS 33 18 217 16 134 29 734

Adjusted for:
Loss on disposal of property,
plant and equipment IAS 36 9 85 95

Headline earnings 18 226 16 219 29 829

Headline earnings per ordinary
share (cents) 3.72 3.31 6.10




Basis of preparation

The condensed consolidated financial statements are prepared in accordance with the JSE Limited ("JSE") Listings
Requirements and the requirements of the Companies Act of South Africa, 2008 as amended, applicable to summarised
financial statements. The JSE Listings Requirements require financial reports to be prepared in accordance with
the framework concepts, the measurement and recognition requirements of International Financial Reporting Standards
("IFRS"), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and also that they,
as a minimum, contain the information required by IAS 34 `Interim Financial Reporting'. The accounting policies
applied in the preparation of the summarised consolidated financial statements from which the summary consolidated
financial statements were derived are in terms of IFRS and are consistent with the accounting policies applied in
the preparation of the previous consolidated annual financial statements.

The unaudited interim financial results were prepared by Natasha September BCom (Hons), CA(SA).

Commentary

Sekunjalo Group posts excellent financial performance due to the underlying divisions achieving better than
expected results in the first half of the 2014 financial year. Sekunjalo Investments Limited is a JSE-listed subsidiary
of Sekunjalo Investment Holdings (Pty) Ltd and part of the Sekunjalo Investments Group.

Net asset value (“NAV”) of the Group increased to R496m (2013: R467m) as a result of an excellent operational
performance and the improved value in the investments.

Key financial highlights

Group revenue increased by 7% compared to the prior interim period from R225m to R242m mainly due to the improved
revenues achieved from the fishing division.

Profit before taxation for the period increased by 35% to R32,7m (2013: R24,2m) with increased performance from the
underlying investments.

The headline earnings per share increased from 3.31c in 2013 to 3.72c and earnings per share also increased by 0.42c
from 3.30c in 2013 to 3.72c for the current interim period.

Cash from operations for the interim period was utilised for additional working capital requirements of R9m for the
underlying divisions which impacted the current reporting period.

The Group’s asset base increased by R61m to R959m (2013:R898m) for the period under review. The major reasons for the
increase are the additional working capital in current assets and the increase in the value of the strategic
investments during the interim period.

NAV per share increased from 93.79c in the prior period to 100.23c, while tangible NAV per share increased from 83.83c
to 90,17c for the current period.

Financial liabilities decreased to R170m from R188m in 2013 mainly due to the reduction in preference liabilities on the
strategic investments.

Strategic investments

The investment in the listed Pioneer Food Group consistently shows increased value since its acquisition in March 2012.
The British Telecommunication Services SA investment also delivered another dividend.

Fishing

Interim results show a strong revenue contribution of R119m (2013:R89m) for Premier Fishing SA group and its divisions.
The fishing division achieved an operating profit for the period of R15m with the major contributors being the south
coast rock lobster and abalone division due to better pricing and greater volumes.

Aquaculture

The abalone division produced excellent results in the first half of the year.

Information communication technology

The information communication technology ("ICT") division focuses on the acquisition and development of niche-market
information and communication technology companies.

The ICT division performed satisfactorily, with subsidiaries performing well against budgets. The division achieved an
operating profit of R14,7m (2013:R26,6m) with the expected completion of the implementation of the hospital information
systems (“HIS”).

Health System Technologies (Pty) Ltd (“HST”), a HIS, laboratory information system and pharmacy information
system integrator and provider, has continued to meet its contractual obligations to roll out the centralized HIS and
Pharmacy solution to the Provincial Government of the Western Cape hospitals and the National Health Laboratory Services.

Saratoga Software (Pty) Ltd, a software development company which builds custom software solutions for corporate
customers, has grown consistently over the past few years and is performing ahead of expectations.

Healthcare

The healthcare division’s revenue improved by 29% from R8,9m to R11,5m in comparison to the prior interim period. The
natural chemical product range in Healthcare is starting to show traction.

Biotechnology

Genius Biotherapeutics (formerly Bioclones), South Africa’s largest medical biotechnology company has continued with its
development of the dendretic cells vaccine project and the preclinical work is showing good results.

Ribotech (Pty) Ltd, a subsidiary of Bioclones, has a production facility for the manufacturing of
Granulocyte-Colony Stimulating Factor, a product used in the oncology market. The Ribotech research and
development activities are starting to show tangible results.

Media

espAfrika (Pty) Ltd, a Group subsidiary, has hosted the Cape Town International Jazz Festival for the 15th year which
was a great success. The company’s performance for the six months is an expected operating loss as espAfrika has most
of its events during the second half of the financial year.

Prospects

The Group will continue its focus to grow the ICT and fishing divisions organically as well as by acquisition as the
operations continue to produce satisfactory results.

The ICT division has built a strong platform for further organic growth and has positioned itself well to increase
its investments by acquisition.

AmetHst (Pty) Ltd – Parallel arbitration negotiations to resurrect the Gauteng Department of Health and Social
Development Hospital Information System and Electronic Health Record contracts are on-going.

As an investment holding company, we expect a challenging year and believe that our businesses will grow steadily
from the successes of the past.

The Group’s auditors have not reviewed nor reported on any comments relating to future prospects.

Dividends

No dividends have been declared for the current period. The board continues to work towards the payment of dividends
in the foreseeable future.

Changes to the board of directors

Mr Takudzwa Hove was appointed as a non-executive director on 4 September 2014.

Appreciation

We wish to acknowledge the support of our staff, Group executives, management, our board of directors as well as
our stakeholders and business partners for their loyalty and dedication to the Group in producing these satisfactory
results.


Dr MI Survé Mr Khalid Abdulla
Executive chairman Chief executive officer

Cape Town
22 April 2014


Directors
Dr M Iqbal Survé* (Executive chairman); Khalid Abdulla* (Chief executive officer); Rev. Dr Vukile Mehana;
Johannes Mihe Gaomab; Salim Young; Aziza Amod; Takudzwa Hove; Cherie Felicity Hendricks*; Chantelle Ah Sing*
*Executive directors

Company secretary: Cherie Felicity Hendricks

Registered address: Quay 7, East Pier, Victoria and Alfred Waterfront, Cape Town 8001

Email: cherieh@sekunjalo.com

Transfer secretaries: Link Market Services South Africa (Pty) Ltd, 19 Ameshoff Street,13th Floor, Rennie House,
Braamfontein, Johannesburg 2000

Auditors: Grant Thornton Cape

Sponsor: PSG Capital

Date: 22/04/2014 12:45:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

28/02/2014 Sekunjalo Investments Limited - Results Of The Annual General Meeting

Results Of The Annual General Meeting

SEKUNJALO INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1996/006093/06)
ISIN: ZAE000017893
JSE Share Code: SKJ
("Sekunjalo" or "the Company")

RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are hereby advised that the requisite majority of
shareholders approved all of the ordinary and special
resolutions tabled at the Company’s annual general meeting held
on Thursday, 27 February 2014, with the exception of ordinary
resolution number 13, which was withdrawn prior to the annual
general meeting.

Cape Town
28 February 2014

Sponsor
PSG Capital

Date: 28/02/2014 09:05:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

18/02/2014 Sekunjalo Investments Limited - Media Release

Media release

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: SKJ
ISIN: ZAE000017893
("Sekunjalo" or “the Company”)

SENS Sekunjalo rejects the scurrilous attempt by Times Media
Group, Sunday Times to smear its reputation and good name

Chief Executive Officer of Sekunjalo Investments Limited, Mr
Khalid Abdulla said “the latest attempt by the Sunday Times is a
cheap shot aimed at Sekunjalo”. It is well known that Premier
Fishing SA (Pty) Ltd (Premier Fishing) is in discussion with the
Competition Commission around an investigation into the small
pelagic industry and this is yet another desperate attempt by
the Sunday Times to portray Premier Fishing in a bad light.

Sekunjalo has been subjected to defamatory attacks by the Times
Media Group (TMG) over the last few months since Sekunjalo
Holdings acquired the competitor to TMG, Independent News Media
South Africa (INMSA). TMG Newspapers and online has published
almost 60 articles on Sekunjalo since its acquisition of INMSA.
In almost all instances the articles are defamatory and an
attempt to paint a negative picture of Sekunjalo in the eyes of
the public, readers and advertisers. This shameful attempt
by Sunday Times and TMG's associated newspapers and online sites
is a desperate attempt to undermine INMSA in the market place.

Premier Fishing and Sekunjalo are very hesitant to comment as we
respect the authority of the Competition Commission during this
process. However, Sekunjalo has been forced to defend its public
reputation due to the malicious campaign by the Sunday Times to
defame the company. This is the second time in as many months
that the Sunday Times completely disregards and disrespects
regulatory authorities and their process by publishing
information which is not complete and uses it to create the
impression that the company has committed a transgression.

The complaint against Oceana, (the largest industry player in
small pelagics) and smaller fishing companies such as Premier
Fishing relates to the use by the entire industry of the
application of a raw fish formula to determine the remuneration
of vessel owners, skippers and crew. It should be noted, that
the process of remunerating skippers, crew and boat owners was
prevalent across the pelagic industry for more than 40 years,
pre-existing the acquisition of Premier Fishing by Sekunjalo
Investments Ltd.

The matter involving Premier Fishing is much narrower in scope
than the matter relating to all the other fishing companies and
in respect of which Oceana concluded a consent order with the
Competition Commission. The alleged contraventions of the
Competition Act are technical in nature and not typical of
blatant collusive activity and we reserve our rights in this
matter.

Mr Abdulla referred the media to a press statement issued by
Oceana when they signed a consent agreement with the Competition
Commission, CEO Francois Kuttel said, “The bulk of the penalty
relates to open negotiations which were in place for the purpose
of compensating skippers, crew, and some private boat owners in
the small pelagic industry for over four decades. Whilst it was
technically a contravention of the Competition Act, we believed
this activity was covered by the exemption relating to
collective bargaining.”

Premier Fishing made it very clear that it was one of the few
fishing companies that tried to change the collective bargaining
process but it was rejected by the skippers and crew. Premier
Fishing has provided the Competition Commission with this record
of interaction.

The Sunday Times has deliberately tried to misinform the public
and create the impression that the technical contravention of
the Act was recent. The facts are however, Premier Fishing
exited the collective bargaining arrangements after the sale of
its cannery and fish meal plant during 2006. The complaints
against it, which relate to its canning operations, are
therefore historic complaints. Moreover, it was not a
significant competitor in the market during the relevant times.

Whilst Premier Fishing has been engaged in a settlement
negotiation with the Competition Commission to deal with this
matter, taking into account the legal costs and management time,
Premier Fishing does not believe that it has been guilty of
contravening the Competition Act in relation to any matter
involving the pelagic industry.

As far as Premier Fishing is aware, the Competition Commission
has not yet referred the matter against Premier Fishing to the
Tribunal for hearing and any potential financial outcome has
already been accounted for previously by the Company.
We reiterate, Sekunjalo Investments Ltd and its subsidiaries are
fully compliant with the legal, ethical and corporate governance
framework in South Africa and we emphatically reject any attempt
to suggest that it or any of its subsidiary companies have been
involved in blatant collusive practices.

Premier Fishing and Sekunjalo will not issue any further comment
until the matter is resolved with the Competition Commission and
ask people to respect regulatory processes in this country.

It is clear that Times Media Group and its publications have no
regard for regulatory institutions and due processes. We are not
surprised.

Cape Town
18 February 2014

Sponsor
PSG Capital

Date: 18/02/2014 07:07:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

25/11/2013 Sekunjalo Investments Limited - Withdrawal Of Cautionary Announcement

Withdrawal of Cautionary Announcement

Sekunjalo Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: SKJ
ISIN: ZAE000017893
("Sekunjalo" or “the Company”)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement dated 2
September 2013 and the renewal of cautionary announcement dated 15
October 2013. Shareholders are hereby advised that negotiations
have been terminated and accordingly, caution is no longer
required to be exercised by shareholders when dealing in the
Company’s securities.

Cape Town
25 November 2013

Sponsor
PSG Capital

Date: 25/11/2013 03:16:00
Supplied by www.sharenet.co.za
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.