June has been a busy month with eLan being in 3 different continents and covering 5 countries all with different investment and development projects on the table. Our offices are currently a hive of activity as we prepare for the launch of our next incredibly exciting and promising venture in Swaziland, Royal Jozini, so be sure not to miss out on this next *hot* investment opportunity!

This week saw the successful launch of Simbithi Hotel Golf & Spa – yet another interesting investment opportunity class. Neither residential nor commercial, an investment into one of the hotel apartments buys you a sectional title apartment within the hotel, where you become a part owner, and share in the profits on a Participation Quotent basis. Set in a magnificent location and soon to enjoy high occupancy rates, this investment should see investors breaking even within 12 months and thereafter earning a healthy income in perpetuity! And as so succinctly stated on our opening evening by Andrew Thompson, our National Sales Manager, “In the old days people bought hotels because of egos, today people buy hotels because of return-on-investment!”

If the interest rate increases in June have worried you, it’s no setback for property. The predicted upward trend has simply separated true investors from opportunists and the new rate brings the market under control with exciting opportunities for long-term property investors!

His Excellency, the Prime Minister of Swaziland and Minister of Enterprise and Employment Lutfo Dlamini with eLan – Shayne Isbister, Peter Taylor, Peter Coulon and Melanie Boullé.	Minister of Tourism, Environment and Communications, Hon Minister Thandie Shongwe and eLan.

Warm regards,

CEO The eLan Group

Peter Coulon, eLan’s in-house environmental specialist, has been hard at work on the wildlife management plan for Royal Jozini leading up to the launch - which is planned for September of this year. The plan looks at aspects such as vegetation management including invasive plant eradication and burning programs, game management, including introductions, monitoring and removal of game and the development and maintenance of wildlife required infrastructure such as fencing, release boma’s etc.

It is important to note that the development project planned within the Royal Jozini Big 6 will not impact negatively on both the primary and secondary conservation area objectives, as the success of these developments essentially rely on the integrity of the conservation area. Furthermore, the application of sound wildlife management practices will ensure an excellent wildlife viewing product.

Royal Jozini will be stocked with a variety of locally indigenous game species including the big 5, and will contribute substantially to the biodiversity initiatives of Swaziland.The carrying capacity of the land is measured in Animal Units (AU) where 1AU is the equivalent of a domestic cow. The size of the park within our borders is 10 000ha with a carrying capacity of 1AU per 6ha, therefore the carrying capacity is 16 66AU. The carrying capacity has been allocated as follows: Bulk grazers: 40% of 1666AU = 666AU Concentrate grazers: 40% of 1666AU = 666AU Browsers: 20% of 1666AU = 332AU

The introduction of game is planned for the last quarter of 2007, starting in the south western portion of the land. Predators will be introduced in 2010 and the total cost estimate for game stocking is R14 million.

Owning a lodge on Royal Jozini will bring with it the awesome opportunity of being a part of these game introduction programmes – witnessing the release of Black Rhino for example would be a once-in-a-lifetime opportunity as would the privilege of educating your children during the lion capture and release programmes.

As National Environment week kicked off on 7 June 2007, global conservation leader WWF are helping equip individuals and organisations to practise environmentally friendly behaviour. The unsustainable human consumption patterns over the past decades are resulting in climate change, which adds to water shortages, rising sea levels and food insecurities – all of which threaten social and economic development, as well as human health. Inevitably, solutions entail people changing their behaviour to reduce consumption of unsustainable energy. Want to do something to help stop climate change?

WWF is the world’s largest independent conservation organisation.

By working with people, together we can change behaviours and leave a living planet!

The eLan Group are Members of WWF. See www.wwf.org.za or www.panda.org/climate for more.

Investor Club Manager