Strategic Resources Corporation

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Based in Pretoria, Executive Outcomes was officialy 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]

References

  1. Corporate Warriors: The Rise of the Privatized Military Industry, by P.W. Singer, Cornell University Press, 2003, p104.