SOS is a boutique provider of premium insurance services and benefits management. These services are provided to niche market sectors where considerable opportunity exists for significant financial cost optimisation or benefit growth. These unique and flexible solutions will generally be delivered in an off-shore environment that optimises the potential advantage. These benefits may be tangible (e.g. superior investment outcomes) or intangible (e.g. improved tax efficiency in specific markets).

SOS is licensed by the FSC to undertake long term insurance business and to conduct health insurance business. Dale has provided capital to this company and assisted in gaining all relevant regulatory approvals to enable it to begin writing business.

The international financial services environment provides SOS with a unique opportunity to provide consolidated financial services to specific niche markets and in particular the African expatriate market, including South African companies pursuing global expansion strategies.

SOS has two shares in issue of which Dale has held 50 per cent. (via a holding company) since 1st August 2007. Dale is currently in negotiations to sell half of its stake to a Swiss partner who will provide significant expertise in addition to a commitment to further capitalise the company to facilitate expansion into European markets.

Established by Quinton George, Trinity Asset Management is amongst Southern Africa’s leading managers in the commodities and resources sectors.

Trinity endeavours to assist its clients in creating superior and sustainable financial wealth through investment in niche sectors of the economy – both in South Africa and abroad. Trinity pursues a “top-down” approach, identifying macro-economic investment trends and then focussing on the specific sectors that benefit the most. In selecting individual stocks Trinity follows a value-oriented investment philosophy and specifically seeks out and/or creates special opportunities that enable it to significantly outperform the general market. Trinity was instrumental in establishing Uranium One, one of the top Uranium producers in the world, and has an established track-record of using shareholder rights to influence business strategy and decision-making in order to generate significant out performance for its funds.

Other key properties owned by Queensgate include the Park Inn on Greenmarket Square (the group owns 100 per cent. of the business and 32 per cent. of the property), the Cape Town Hollow in Gardens, The Hollow on the Square in Cape Town Central and the Avenue Hotel in Fish Hoek.

In total Queensgate has around 400 rooms and occupancy in bigger venues like the Radisson, Greenmarket Square and Hollow on the Square have occupancies of 85 per cent., 75 per cent. and 85 per cent. respectively.

Queensgate also has interest in the restaurant industry. These interests were reversed into JSE-listed Cyberhost in late 2007 and are now already worth ZAR150 million.

In addition Queensgate also holds interests in the BMW Pavilion and the Stellenbosch Retreat – a 130 room wellness and conference centre.

Trinity has been involved with Queensgate since 2002, providing debt and equity financing to assist the group in its growth. Trinity has since converted its equity into secured loans, although it retains an ongoing equity interest in Cyberhost. In addition Trinity, through its investee companies, continues to advise Queensgate on corporate finance-related matters and has been mandated to arrange additional funding for the company.

Sallies was incorporated in 1903 as the South African Land and Exploration Mining Company Limited and has been listed since 1904 in the mining sector of what is now the JSE Limited.

Following its acquisition of the Witkop Mine in the North West province of South Africa in 1999, Sallies’ principal business has been the production and sale of acid grade fluorspar. It acquired the Buffalo Fluorspar mine in Limpopo province in 2006.

The bulk of its output is exported to international customers active mainly in the production of HFC refrigerant gases, fluoro-polymers and aluminium fluoride. In addition, it produces metallurgical grade fluorspar, primarily for the local market.