On 1 September 2006, Allied Production Industries (API), a privately owned company formed in 1999 with engineering and manufacturing interests, concluded an agreement with Pamodzi Investment Holdings (PIH), a well established black empowerment company resulting in the formation of Pamodzi Industrials, a black owned and controlled company.

Pamodzi Investment Holdings has been a successful black owned and controlled diversified investment holding company since 1997. It has major investments in Indwe Risk Services (previously Prestasi), Kulungile Steel, NamITech, Foodcorp, Pamodzi Resources and Pamodzi Gold. Please refer to www.pamodzi.co.za for more information.

PIND comprises two operating divisions, Unique Engineering and RelyIntraCast, and has an 80% subsidiary BGG Cable Manufacturers SA trading as Walro Flex . The synergy between the experienced operational management teams and established industrial infrastructure, PIND's commercial experience, transactional expertise and network of contacts, promises exciting and profitable growth prospects for all stakeholders.

A committed executive team controls autonomous operations responsive to their individual niche markets, with the lean corporate office providing governance and co-ordinated investment and financial management strategies.

PIND has an entrepreneurial culture, but ensures that the group complies with or exceeds all relevant employment, training and financial statutory requirements.

The group is proud of its record in developing people and recognises the ongoing need to accelerate the development and progression of people from designated groups. It believes that diversity enriches its organisation, communities and the lives of its employees.