Nakedi Phosa

Braemore Resources Ltd. is engaged in evaluating, establishing, operating and refining concentrates containing platinum group metals. It focuses on platinum, nickel, copper, cobalt, gold, iridium, palladium, rhodium and ruthenium. The company's business is located in Australia and South Africa. Braemore Resources is headquartered in London, the United Kingdom.

Value Group Ltd. is a holding company, which engages in the provision of logistical solutions through its subsidiaries. It operates through the following segments: General Distribution, Truck Rental and Other, Retail Logistics, and Head Office and Other. The General Distribution segment includes break-bulk and single party distribution and warehousing services to customers in the automotive, fast moving consumer goods, electronics, chemical, textile, packaging, mining, construction, telecommunications and pharmaceutical industries. The Truck Rental and Other segment offers fleet management, forklift and commercial vehicle rental and leasing, clearing and forwarding and container handling. The Retail Logistics segment deals with the warehousing, distribution and wholesaling of a variety of FMCG products into the convenience, formal and informal sector, which consist primarily of independent traders, fuel forecourts, and small retailers. The Head Office and Other segment represents the costs of a management services company, financing structures, secretarial, compliance and internal audit functions and treasury. The company was founded by Steven Gottschalk in 1981 and is headquartered in Isando, South Africa.

Vuka Forestry Holding Pty Ltd. engages in forestry business for timber. The company is headquartered in Mpumalanga, South Africa.

Alliance Mining Corp. Ltd. designs, develops, manufactures, installs and supports various services for predominantly the mining industry. The company was formerly known as Alliance Data Corp Ltd. Alliance Mining founded on August 13, 1997 and is headquartered in Krugersdorp, South Africa.

Absolute Holdings Ltd. was incorporated in the Republic on 14 November 1986 and on 17 February 1987 the company was converted from a private company to a public company and was subsequently listed on the Main Board of the Johannesburg Stock Exchange. A decision was taken by Absolute at the beginning of 2001 to diversify its activities away from long term property development and to also focus on the mining sector. On 20 January 2005 shareholders approved the acquisition of Lenopodi from Calulo Investments, which acquisition resulted in the injection of assets, turnover and profits into the Absolute group in the area of mining, which was to be the focus of the group going forward. The company’s name was changed from Gilboa Properties Ltd. to Absolute Holdings Ltd. with effect from 31 January 2005. Lenopodi commenced business in the second half of 2003 when it applied for a prospecting permit and later a mining licence for permission to mine slate, dimension stone and other sedimentary deposits in the North West Province. Subsequently, Lenopodi’s subsidiary, Lubtalk Investments, has secured a mining right to develop a quartzite deposit at the Diamond Quartzite quarry in Namaqualand. A Competent Person’s Report was included in a circular to shareholders dated 22 December 2004. The group, through Lenopodi, has identified an opportunity to enter into the mining and marketing of natural stone products. Natural stone entails dimension stone (granite, marble and sandstone) and natural cleft stone (quartzite and slate). This niche segment of mining offers relatively high returns and has significant job creation capabilities, as it is generally labour intensive. Lenopodi also offers the opportunity to consolidate medium sized mining operations into the group. To this extent, granite is specifically excluded from the Lenopodi natural stone portfolio, as the local and export market is volatile to worldwide colour trends.