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OVERVIEW OF INVESTEE COMPANIESTORRE INDUSTRIES LTDTorre Industries Ltd is a pan African industrial group which is listed on the Johannes- burg Stock Exchange. Torre distributes equipment and machinery, auto parts and support services to its customers in selected high growth markets in the industrial sectors across Africa. These sectors include but are not limited to the agricultural, automotive, construction, earthmoving, engineering, mining, manufacturing, and con- dition monitoring industries.Torre Industries’ core business is the value added sale and rental of branded capital equipment and machinery, the distribution of high quality parts and components, the delivery of critical support services which are needed to support our customer’s expansion programmes.CADIZ HOLDINGS LTDCadiz Holdings Ltd is a  nancial services group specialising in institutional and personal investments through its wholly-owned subsidiary, Cadiz Asset Management.Today Cadiz Asset Management manages c.R13 billion in third party assets while Cadiz Corporate Solutions o ers independent corporate advisory services to an extensive client base.Cadiz maintains a prudent liquid capital base which exceeds the requirements for regulatory capital adequacy.TELLUMAT (PTY) LTDPlessey plc established a SA-based subsidiary in the early 1960s. In 1989, this company was dissolved and the SA operation became an autonomous company listed on the JSE in 1995. In 1998 certain components of Plessey were acquired by the management team and delisted as Tellumat.Today Tellumat o ers world-class technology products, custom solutions and services. These comprise the following entities and core capabilities:STELLAR CAPITAL PARTNERS | 05--Air tra c management: A full service o ering ranging from project management, systems engineering, product upgrades, software development and installa- tion to integration, commissioning and logistic and maintenance support. This includes ground-based air navigation; airport systems (weather information systems, air eld ground lighting); communication and recording systems; specialised  bre optic systems and radars;Defence and security: Development, supply and support of systems and solutions for systems integrators and end users across the international aerospace and defence markets. This includes combat identi cation systems – identi cation friend or foe (IFF); tactical communications – data and video radio links; avionics, including unmanned aerial systems (UAS); infrastructure and security monitor- ing (ISM) as well as special and custom applications;


































































































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