Exhibit 31.1

I, Clive  Kabatznik,  Chief  Executive  Officer and Chief  Financial  Officer of
Silverstar Holdings, Ltd. (the "Company") certify that:

1.     I have reviewed this annual report on Form 10-K of the Company;

2.     Based on my knowledge,  this report does not contain any untrue statement
     of a material fact or omit to state a material  fact  necessary to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.     Based on my knowledge,  the  financial  statements,  and other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the registrant as of, and for, the periods presented in this report;

4.     The registrant's  other  certifying  officer(s) and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and we have:

       (a) Designed such disclosure  controls and  procedures,  or caused
       such  disclosure  controls and procedures to be designed under our
       supervision,  to ensure that material  information relating to the
       registrant, including its consolidated subsidiaries, is made known
       to us by others  within those  entities,  particularly  during the
       period in which this report is being prepared;

       (b)  [intentionally  omitted  pursuant to SEC Release Nos. 33-8238
       and 34-47986];

       (c) Evaluated the  effectiveness  of the  registrant's  disclosure
       controls  and   procedures   and  presented  in  this  report  our
       conclusions about the effectiveness of the disclosure controls and
       procedures,  as of the end of the period  covered  by this  report
       based on such evaluation; and

       (d)  Disclosed  in this  report  any  change  in the  registrant's
       internal control over financial reporting that occurred during the
       registrant's most recent fiscal quarter (the  registrant's  fourth
       fiscal  quarter  in  the  case  of  an  annual  report)  that  has
       materially affected, or is reasonably likely to materially affect,
       the registrant's internal control over financial reporting; and

5.     The registrant's other certifying officer(s) and I have disclosed,  based
     on our most recent evaluation of internal control over financial reporting,
     to the  registrant's  auditors and the audit committee of the  registrant's
     board of directors (or persons performing the equivalent functions):

       (a) All significant  deficiencies  and material  weaknesses in the
       design or operation of internal  control over financial  reporting
       which are reasonably  likely to adversely  affect the registrant's
       ability  to  record,  process,   summarize  and  report  financial
       information; and

       (b) Any fraud,  whether or not material,  that involves management
       or other employees who have a significant role in the registrant's
       internal control over financial reporting.

Dated:  September 30, 2003

                                         By: /s/ Clive Kabatznik
                                             ----------------------------
                                             Clive Kabatznik
                                             Chief Executive Officer and
                                             Chief Financial Officer
                                             (Principal Executive and
                                             Financial Officer)