POSITIVE INTERIM RESULTS FOR THE PERIOD ENDED 28 FEBRUARY 2003 RELEASED BY

POSITIVE INTERIM RESULTS FOR THE PERIOD ENDED 28 FEBRUARY 2003 RELEASED BY      
SEKUNJALO INVESTMENTS LIMITED                                                   
21 May 2003                                                                     
Sekunjalo Investments Limited                                                   
ISIN:       ZAE000017893                                                        
SHARE CODE: SKJ                                                                 
Media release                                                                   
Sekunjalo Investments have released a positive set of interim results for the   
half-year ended 28 February 2003. Group turnover for the six month period has   
increased by 16% from R151, 78 million to R176, 80 million; Operating income    
increased from R10, 39 million to R12, 75 million (23%); Headline earnings per  
share is up from 1,55cents to 2,03cents (31%).                                  
Dr Iqbal Surve, CEO of Sekunjalo Investments Limited, was delighted with the    
interim results and attributed the enhanced performance to the Group"s          
restructuring and implementation of a growth model. "The outstanding performance
of the Group"s subsidiaries has largely been due to the innovation and efforts  
of its management and group employees who continue to show their commitment to  
the philosophy of Black Economic Empowerment." said Dr Surve.                   
The health care subsidiary, Sekunjalo Health Care (SHC), has streamlined its    
management to improve operational efficiencies and obtain optimal returns. The  
Group"s businesses in medical consumables, diagnostics and pharmaceuticals are  
strongly established in the public sector market. Dr Surve comments "The        
extremely competitive nature of the health care environment, coupled with       
limited financial support extended to BEE health care companies, has constrained
the growth and the ability of SHC to compete effectively in the market place.   
The Group has set itself the objective of increasing market share in the private
sector." SHC is the single largest black empowerment healthcare company in the  
country.                                                                        
Sekunjalo"s Information Technology division, Health System Technologies (HST),  
has been successful in its acquisition of additional contracts by the Provincial
Administration of the Western Cape and this has contributed to the positive     
performance of HST.                                                             
Premier Fishing SA (Pty) Ltd has sustained its favourable performance and       
continues to export one of its core products to Asia, Europe and the USA. The   
focus on the perpetual growth of well-known local brands Peck"s Anchovette,     
Redro and Seagro has significantly increased its market share. Premier Fishing"s
investment in the abalone aquaculture farm has benefited the company as a result
of increased exports.                                                           
Dr Surve states that the Group anticipates challenging trading conditions in the
second half of the financial year due to the stronger Rand as well as the impact
that the outbreak of the Severe Acute Respiratory Syndrome (SARS) epidemic in   
Asia will have on our exports. It is predicted that this will adversely affect  
our fishing subsidiary and as a result, have a negative impact on second half   
earnings.                                                                       
On a more positive note, Dr Surve wishes to draw to the attention of            
shareholders that the Group will soon be announcing an increase in corporate    
commercial activity in respect of Premier Fishing SA, a development that is     
likely to positively affect the Company"s business.                             
The recent award by the BusinessMap Foundation to Sekunjalo of the "Top Market  
Performer 2003" is a timeous acknowledgement of the resilience and performance  
of Sekunjalo. The award has reinforced the commitment from management and staff 
to raising performance levels within the Group and facing the challenges that   
lie ahead. "We can proudly say that Sekunjalo has continued to pursue excellence
in all its spheres of business" said Dr Surve.                                  
Sekunjalo is still actively pursuing the recovery of a substantial portion of   
its investment in LeisureNet. Shareholders will be kept informed about this     
initiative.                                                                     
ENDS                                                                            
Issued by Feroza Petersen on behalf of Sekunjalo Investments Limited            
For further information, please contact                                         
Telephone:     021 683 9100                                                     
Facsimile:     021 683 0417                                                     
Cellular:      082 367 5822                                                     
Date: 21/05/2003 02:14:21 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department