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SEKUNJALO INVESTMENTS LIMITED - SENS Sekunjalo cleared by the Financial Services Board

Release Date: 10/12/2012 15:25
Code(s): SKJ     PDF:  
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SENS Sekunjalo cleared by the Financial Services Board

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 cleared by the Financial Services Board

Dear STAKEHOLDER,

We refer to our previous SENS announcements dated 23 February
2012, 7 March 2012 and 15 March 2012, relating to, inter alia, a
campaign by elements in the media, fuelled by Mr. Pieter van
Dalen of the Democratic Alliance, to cast Sekunjalo in a
negative light without any evidence to substantiate the
accusations made.

During March 2012, at which time Mr van Dalen’s campaign against
Sekunjalo for its tender to the Department of Agriculture,
Fisheries and Forestry had not attained its intended effect, he
took it upon himself to report Sekunjalo to the JSE for, as he
put it, “unethical manipulation of the share price” of
Sekunjalo.   In his letter to the JSE, Mr van Dalen offered no
evidence of such conduct, save to say that he was told this and
he has reason to believe it. No reasons were provided for this
belief.

As per the JSE’s protocol, the complaint was referred by the JSE
to the Financial Services Board (“FSB”) for investigation.      A
full investigation was launched by the FSB and Sekunjalo offered
its full cooperation to the FSB, at all times reaffirming that
it had not done anything wrong and that it had nothing to hide.

Sekunjalo is pleased to announce that the Head of Department of
the Directorate of Market Abuse at the FSB has confirmed to
Sekunjalo in a letter on 4 December 2012 that the investigation
has been closed and that no legal action will be taken.

Once again, Sekunjalo has exonerated itself from the baseless
accusations being made against it.

We trust that Mr. van Dalen will come forward    and admit that he
was wrong to accuse Sekunjalo without any         evidence and to
apologise to Sekunjalo, its directors, staff      and stakeholders
for any inconvenience caused.   We also have     no doubt that it
behoves Mr. van Dalen as a representative of     South Africans in
parliament, to explain   why he made such allegations with no
evidence, other than     hearsay, circumstantial evidence and
innuendo.

Sekunjalo has taken advice from its attorneys on the appropriate
legal action to be taken against Mr van Dalen and will follow
such advice should a public apology and explanation not be
forthcoming from Mr. van Dalen.

Cape Town
10 December 2012

Sponsor
PSG Capital

Date: 10/12/2012 03:25:00 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.

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