Sekunjalo Investments Limited - Releases Interim Results

SEKUNJALO INVESTMENTS LIMITED RELEASES INTERIM RESULTS

Sekunjalo Investments have released an exceptional set of interim results
for the half- year ended 28 February 2002.  The results compared to those
for the same period last year show a major improvement. Group turnover has
increased by 40% from R108,49 million to R151,79 million, operating income
has increased from a loss of R2,054 million to a profit of R 10,398 million
and headline earnings per share is up from a loss of  8,3 cents earnings per
share to a profit of 1,55 cents earnings per share, an increase of 9,68
cents.

Dr Iqbal Surv , CEO of Sekunjalo Investments Limited indicated that he was
very pleased with the results and attributed it to steps that Sekunjalo had
taken to restructure the group in 2001.  A sustainable growth strategy had
been put in place and the positive interim results demonstrate the impact
and benefits of this move. As the businesses are cyclical in nature, it
should be noted that the good results have been achieved in the
traditionally slower half of the financial year.

"The improved performance at Sekunjalo has largely been due to the

hardworking efforts of its management and group employees who committed
themselves to increasing operating efficiencies and increased value for
shareholders. They should be applauded for their commitment to the ethos of
black economic empowerment and development." said |Dr Surv .

The performance of the subsidiaries has improved substantially.  Premier
Fishing benefited from increased stability in the industry due to the award
of longer term quotas.  This has enabled Premier Fishing management to
undertake more effective longer term planning and decisions about the
direction and growth of the business. The good results derived from exports,
which were advantaged by the decline of the rand against the dollar, an
increase in exports and the increased focus on its strongly branded products
in the period under review.

The health care subsidiary, Sekunjalo Health Care (SHC) has embarked upon a
strategic review under a newly appointed CEO, supported by leading

management consultants, Bain and Co.  The groups businesses in medical
consumables, diagnostics and pharmaceuticals are strongly established in the
public sector market. The group has set itself the objective of increasing
market share in the private sector.

Sekunjalo's focus on Information Technology has allowed it to align its'
healthcare and IT interests to emerge as the single largest black

empowerment healthcare IT company in the country.  The "Go Live" of the
Health Information System (HIS) was recently celebrated, a contract valued
at R 150 Million, between Health System Technologies and the Western Cape
Provincial Administration. This project will be rolled out at provincial
hospitals and clinics in the Western Cape.

Dr Surv  mentioned that the Group has watched with interest the developments
at the LeisureNet inquiry and is firmly of the view that the decision to
pursue the recovery of funds from parties involved in LeisureNet is correct.
The Group is aggressively committed to the recovery of these funds.  An
announcement in this regard will be made in due course.

The excellent results are an indication that the Group's management has
matured and learnt from its previous experiences.  It reflects the growth of
the black business entity which can rightfully take its place in the
mainstream of the economy.

Dr Surv  indicated that a challenge for Sekunjalo and BEE is for the Group
to use its capital base and businesses to further support procurement
practices which benefit small, micro and medium enterprises.  The Group has
also prioritized skills development and transfer going forward.

Dr Surv  said "The Group is excited by opportunities presenting themselves
going forward.  Whilst last year was a period of consolidation, we are
looking forward to a period of growth and expansion in the forthcoming
year."