Sekunjalo Investments Limited acquires control of blue chip business

Sekunjalo Investments Limited acquires control of blue chip business            
intelligence software company, Synergy Computing                                
Sekunjalo Investments Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/006093/06)                                            
Share code: SKJ   ISIN: ZAE000017893                                            
("Sekunjalo" or "the company")                                                  
Press Release                                                                   
31 January 2005                                                                 
SEKUNJALO INVESTMENTS LIMITED ACQUIRES CONTROL OF BLUE CHIP BUSINESS            
INTELLIGENCE SOFTWARE COMPANY, SYNERGY COMPUTING                                
Sekunjalo Investments is pleased to announce that it has acquired 81.56% of the 
entire issued capital in the computer company Synergy Computing.  The           
Acquisition of Synergy provides a further boost to Sekunjalo"s strategic growth 
in its Information Technology portfolio.                                        
Founded in 1978, Synergy Computing is one of the leading South African Software 
solutions company functioning in the arena of Business Intelligence (BI)        
solutions and Corporate Solutions Management.  This is a major step in terms of 
black economic empowerment in the information technology industry and has       
exceeded by far the requirements of the ICT Charter and Black Economic          
Empowerment Act.                                                                
Synergy is well established as an end-to-end Business Intelligence (BI)         
solutions implementer providing fast and easy access to critical corporate data.
The company leverages Corporate Performance Management benefits from best-of    
breed productions from leading global vendors including Cognos (Synergy, a      
Cognos Distributor since 1980, maintains the largest installed base of Cognos   
customers in Africa), Microsoft Oracle, Sane Solutions and Idu Software. In     
doing so, Synergy has empowered thousands of management users to make better,   
more informed decisions, thereby increasing their organisation"s productivity   
and profitability. Synergy has a current customer base of 350 active "Blue Chip"
corporate and government customers.                                             
With the recent acquisition of Sunstone Business Solutions, Synergy has         
reinforced its position as Southern Africa"s foremost solution provider in this 
field.                                                                          
With offices in Johannesburg, Cape Town and Durban, Synergy serves the needs of 
customers across Africa and into select European countries. Synergy provides a  
comprehensive range of professional services, including on-site project         
consulting, technical support and ISETT-approved training.                      
Mr. Andrew Connold, Managing Director of Synergy computing said that he was     
excited in the change of shareholding with Sekunjalo as it positions Synergy to 
meet all empowerment credentials of the ICT Charter and satisfies its blue chip 
clients in the public and private sector.                                       
Mr Connold is particularly excited with this opportunity and relationship that  
will allow Synergy and Sekunjalo to develop an integrated IT platform to add    
value to the public sector management and government to achieve the governments 
drive to improve the efficiency and service delivery of the public sector.      
The acquisition creates the opportunity for closer co-operation between Synergy 
and Sekunjalo"s Health Systems Technologies, for whom Synergy provides BI       
reporting and analysis solutions on top of their Clinicom Patient Information   
System, currently installed at Groote Schuur, Tygerberg, Red Cross and a number 
of other provincial hospitals in the Western Cape.                              
Both Sekunjalo and Synergy are excited about unlocking opportunities that will  
present themselves in the future and to identify further acquisitions to build  
up the IT portfolio.                                                            
For further information contact:                                                
Melody Mjila                                                                    
Group Communications Manager                                                    
Tel: 27 21 658 2700                                                             
Fax: 27 21 658 2714                                                             
Mobile: 072 109 5014                                                            
Email:  melody@sekunjalo.com                                                    
Date: 31/01/2005 05:32:35 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department