Ian Michael Groves

Value Group Ltd. is a holding company, which engages in the provision of logistical solutions through its subsidiaries. It operates through the following segments: General Distribution, Truck Rental and Other, Retail Logistics, and Head Office and Other. The General Distribution segment includes break-bulk and single party distribution and warehousing services to customers in the automotive, fast moving consumer goods, electronics, chemical, textile, packaging, mining, construction, telecommunications and pharmaceutical industries. The Truck Rental and Other segment offers fleet management, forklift and commercial vehicle rental and leasing, clearing and forwarding and container handling. The Retail Logistics segment deals with the warehousing, distribution and wholesaling of a variety of FMCG products into the convenience, formal and informal sector, which consist primarily of independent traders, fuel forecourts, and small retailers. The Head Office and Other segment represents the costs of a management services company, financing structures, secretarial, compliance and internal audit functions and treasury. The company was founded by Steven Gottschalk in 1981 and is headquartered in Isando, South Africa.

The Group's principal activities are manufacturing aluminium wheels and distributing aluminium wheels and tyres. It operates internationally, with wheel manufacturing plants in Germany, Poland, South Africa and the United States of America, and wholesales wheel and distributes tyre in the United Kingdom and South Africa. It focuses on the automotive aluminium wheel and passenger car tyre industries. The Group has 45 Tiger wheel and tyre retail stores in Southern Africa, 32 owned and 13 franchised.

TiAuto Investments (Pty) Ltd. operates as a holding company with interests in retails and wholesales wheels, tires and automotive related products and services categories. Its brands include Trends of Africa, Gripmax, McGard, Velocity, Duracell, and Unigrip. The company was founded by Edward Ivor Keizan and Keith William Rivers in 1967 and is headquartered in Midrand, South Africa.

SA Corporate Real Estate Fund is a diversified real estate investment fund, which invests in retail, industrial and office property primarily in the major metropolitan centres of South Africa. The company operates its business through three segments: Retail, Industrial, AFHCO and Commercial. SA Corporate Real Estate Fund was founded in 1995 and is headquartered in Century City, South Africa.

Grindrod Bank Ltd. provides banking and financial services. It offers investment products, such as exchange traded funds, preference shares, unit trusts, fund management and stock broking services. The company is headquartered in Durban, South Africa.