Strategic Resources Corporation

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Based in Pretoria, Executive Outcomes was officially just one subsidiary within a larger South African holding company/venture-capital firm, Strategic Resources Corporation (SRC). It's leadership however, was also on the SRC board, indicating their greater influence in the broader organisation. In addition to Executive Outcomes, SRC reportedly owned approximately twenty other companies associated with the military firms operations, including the PMF's Lifeguard and Teleservices, which guarded Branch Energy mining concessions, and Saracen, another security provider in Uganda and Angola. These firms are essentially stay-behind asset protection companies. As a general rule, they arrived after EO's departure, but concurrent with the arrival of Branch-Heritage mining operations.[1]
EO was one of several companies under the umbrella of Strategic Resources Corporation, (SRC), including security companies Saracen, Alpha-5, Lifeguard, Safenet, Stabilco and Grays, as well as Ibis Air, Falconer Systems (logistical supplies), Bridge International (construction and civil engineering) and GJW Government Relations. SRC shares a telephone line and offices with Sandline International in London's prestigious Chelsea area.[2]

References

  1. Corporate Warriors: The Rise of the Privatized Military Industry, by P.W. Singer, Cornell University Press, 2003, p104.
  2. Demilitarisation and Peace-building in Southern Africa, by Peter Batchelor, Kees Kingma, Guy Lamb, Ashgate Publishing, 2004, p150.