Annexure B
PRINCIPAL INVESTMENTS AT 30 JUNE 2004
 
NAME OF COMPANY       LISTED    
UNLISTED
  
   
          2004
          2003
          2004
       2003
   
EFFECTIVE
EFFECTIVE
EFFECTIVE
EFFECTIVE 
Incorporated in South Africa  
SHARES
INTEREST
SHARES
INTEREST
SHARES
INTEREST
SHARES
INTEREST 
unless otherwise stated  
HELD
%
HELD
%
HELD
%
HELD
% 
 
Telecommunication
Vodacom Group (Pty) Limited
(1)
1 500
15.0
1 500
15.0 
Psitek (Pty) Limited
(1)
704 000
32.0
704 000
32.0 
 
Technology
CommsCo Holdings
(Pty) Limited
(2)
156 999
33.3
156 999
33.3 
CommsCo (Pty) Limited
(2)
912 132
32.4
– held by CommsCo Holdings
(Pty) Limited
– CommsCo (Pty) Limited (17.6%)
 
5.9
 
13.3 
Intervid Limited *
(3)
16 050 000
17.3
FRS Financial Reporting
Solutions (Pty) Limited
(3)
76 866
49.0
60 196
42.9 
FrontRange Limited
#
17 285 039
11.1
Fundamo (Pty) Limited
(3)
149 805
43.1
130 267
37.5 
GenuOne Incorporated
(1)
4 730 159
36.8
4 730 159
36.9 
Idion Technology Holdings**
39 679 640
35.0
6 849 940
6.0
Tracker Investment Holdings
(Pty) Limited
(1)
23 415
32.1
23 415
32.1 
 
Media
Sabido Investments (Pty) Limited
(1)
17 890 533
33.0
17 890 533
33.0 
SAIL Group Limited
(1)
71 500 825
25.8
53 500 825
19.5
 
Corporate
Compagnie Financière
Richemont SA
– A units (Switzerland)
#
2 529 300
0.4
4 729 300
0.8
R&V Holdings Limited *
(1)
490 035 155
33.3 
                   
Accounting period:
(1)
 Twelve months to 30 June 2004
(2)
 Twelve months to 31 March 2004
(3) No further losses equity-accounted
   
* R&V and Intervid became subsidiary companies on 30 June 2004.
** Idion became an associated company on 30 June 2004.
# Not associated companies and/or their results are not accounted for according to the equity method.

Details of investments which are not material to the evaluation of the business of the group, are not shown.