2007 has really been an excellent year for the eLan Group! After an incredible journey since Simbithi Eco-Estate burst into the scene in early 2004, we have truly enjoyed seeing this Estate develop and mature into one of magnificence. Recent news is that we have sold the balance of our developer stock to our partners, WBHO although we continue to stay actively involved on the Home Owners Board, as well as in the Sales and Marketing of the Estate.

Blythedale Coastal Resort has consistently remained successful in sales, with more and more foreign buyers appreciating the value of our magnificent coastline. The launch of Royal Jozini Big Six two months ago has exceeded any sales expectations we have seen to-date, with Phase 1 and Phase 2 launching back to back on the same night.

With the above victories we have decided to give something back to the people who have helped us achieve all of our success - our clients! This has resulted in the 100 Club Function, we’ve got 100 sites at each of our developments to giveaway at a R100 000 discount! There are no inflated prices it’s a straight 30 million rand we’re giving away to you, our valued Platinum members of the Investor Club.

I'd like to personally welcome our two new eLan Brand Ambassadors; Jonty Rhodes and Butch James who have pledged their support to the eLan Group and our developments.

On the wake of the Springboks success, we’re pleased to tell you that…

Warm regards,

CEO The eLan Group

Soon to be released in full detail, in this edition of the Investor Club Newsletter we show you a sneak preview into the basic designs of the Blythedale Home Packages that will soon be available…

For more on Home Packages click here.

A Unique North Coast Experience:

Ideally situated close to the North Coast town of Ballito nestles a unique gem of a golf course that will challenge each and every level of golfer.

Simbithi Country Club is a Peter Matkovitch designed golf course that is fast becoming the most talked about golfing destination in KwaZulu-Natal, the reason being clear to all who have ventured onto this pristine layout. The condition of the coarse is second to none with well paced true greens that hold a well struck approach shot, pristine fairways and a layout that will test your course management at every hole.

Simbithi Country Club is the first executive golf course to be built in South Africa. With a par of 60, made up of thirteen par 3's, four par 4's and one par 5, you might be forgiven or anticipating this golf course as a lesser challenge, but that will be at your peril!

With five different tees to choose from, Simbithi Country Club caters for every level of golfer, from a forward junior tee to the championship tees. The ambience of Simbithi Country Club is complimented by a well laid out housing estate which overlooks each of the undulating eighteen as well as the dams which abound with bird life. The relaxed family atmosphere is enhanced by the abundant facilities throughout the Simbithi Eco Estate and Country Club where children can play and families relax together.

Simbithi Country Club lies comfortably within the commuter belt of both Umhlanga Ridge and Durban. With the proposed new airport set to go ahead on the North Coast, the Simbithi Country Club and Eco-Estate is very well positioned for families to live in a secure and relaxed environment with the Durban and Unhlanga business districts a short distance away.

You will not find a better investment in your future than this eco-friendly, family golfing estate.

If you're a Private Investor sitting in New York / London, and you want to look at the 'possibility' of investing in Africa, where would you start?  Normally, you would make a list of all the countries in Africa, and start from top to bottom, but in the case of Africa, you would have start from bottom to top! South Africa since 1994, has flourished under majority rule and is set to capitalise on this momentum for future generations. Here's why:

South Africa is ranked 24th in the World in terms of GDP. The Johannesburg Stock Exchange (JSE) ranks among the top 20 in the World. The South African Rand (ZAR) is the World's most actively-traded emerging market currency, and was the best-performing currency against the United States Dollar (USD) between 2002 and 2005. Furthermore, South Africa is also Africa's largest Energy Producer and Consumer.

The 2010 Soccer World Cup - An estimated 450 000 soccer fans are expected to visit South Africa for the SWC and these fans will spend in excess of R30 billion. This expected cash injection will push the economic growth rate up to 6%.  150 000 jobs will be created during the tournament. R5 billion will be spent on the renovation and building of stadiums with a further R24 billion spending on Gautrain linking Pretoria, Johannesburg and OR Tambo International Airport.

The ratio of Disposable Income to Household Debt which is still only at 76% - Disposable income is the amount that you're left with after all taxes have been paid.  Household Debt is things such as mortgage / vehicle finance payments, credit cards and Loans. South Africa’s disposable income to household debt is 76%. So for every R1 that you make after taxes have been paid, you have to pay 76c toward payments and you are therefore left with 24c.

Compared to other countries, South Africa sits favourably….

Germany - 115%, Japan - 140%, UK - 142%, Australia - 171%

Interest Rates are still at 25 year lows from a height of 25% in 1998 - South Africa is experiencing 25 year low interest rates. The current Repo Rate (the rate at which the SA Reserve Bank loans money to Commercial banks) is currently at 10% while the Prime Rate (the rate at which Commercial Banks loan to the public) is at 13.5% With inflation being kept in the monetary policy range of 3-6%, any significant increases seem unlikely.

Investor Club Manager