UNITED STATESSECURITIES AND ~~STATES~~EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

SECURITIESFORM AND EXCHANGE COMMISSION8-K

CURRENT REPORTPURSUANT ~~WASHINGTON,~~TO SECTION 13 OR 15(D~~.C.~~) ~~20549~~OFTHE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of ~~______________~~earliest event reported): July 21, 2008

~~FORM 8-K~~SILVERSTAR HOLDINGS, LTD. (Exact Name of Registrant as Specified in Charter)

CURRENT REPORT

Bermuda	0-27494	N/A
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
Incorporation)

~~PURSUANT TO~~Clarendon ~~SECTION~~House, 13Church ORStreet, 15Hamilton, HM CX, Bermuda (d)Address OFof ~~THE~~Principal Executive Offices with Zip Code)

Registrant’s ~~SECURITIES~~telephone ~~EXCHANGE~~number, ~~ACT~~including OFarea ~~1934~~code: (441) 295-1422

~~Date~~Not ~~of Report~~Applicable (~~Date~~Former ofName ~~earliest~~or ~~event~~Former ~~reported):~~Address, ~~January~~if ~~14,~~Changed ~~2008~~Since Last Report)

~~SILVERSTAR~~Check ~~HOLDINGS,~~the ~~LTD.~~appropriate ~~(Exact~~box ~~Name~~below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of ~~Registrant~~the registrant asunder ~~Specified~~any inof ~~Charter)~~the following provisions:

Bermuda	0-27494	N/A
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~Clarendon~~Soliciting ~~House,~~material ~~Church~~pursuant ~~Street,~~to ~~Hamilton,~~Rule HM14a-12 ~~CX,~~under ~~Bermuda~~the ~~(Address~~Exchange ofAct ~~Principal~~(17 ~~Executive~~CFR ~~Offices~~240.14a-12) ~~(Zip Code)~~

~~Registrant's~~Pre-commencement ~~telephone~~communications ~~number,~~pursuant ~~including~~to ~~area~~Rule ~~code:~~ 14d-2(~~441~~b) ~~295~~under the Exchange Act (17 CFR 240.14d-~~1422~~2(b))

~~Not~~Pre-commencement ~~Applicable~~communications ~~(Former~~pursuant ~~Name~~to orRule ~~Former~~13e-4(c) ~~Address,~~under ifthe ~~Changed~~Exchange ~~Since~~Act ~~Last~~(17 ~~Report~~CFR 240.13e-4(c))

~~Check~~Item ~~the~~7.01. Regulation ~~appropriate~~FD ~~box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~Disclosure.

o On July ~~Written~~21, ~~communications~~2008 ~~pursuant~~and toJuly ~~Rule~~22, ~~425~~2008, ~~under~~Silverstar Holdings, Ltd. (the ~~Securities~~“Registrant”) ~~Act~~issued ~~(17~~the ~~CFR~~press releases ~~230~~attached hereto as Exhibits 99.~~425)~~1 and 99.2, which are incorporated by reference herein and furnished pursuant to Item 7.01 of Form 8-K.

o The information ~~Soliciting~~in ~~material~~this ~~pursuant~~Current toReport ~~Rule~~on ~~14a~~Form 8-12K under this item 7.01, including the information set forth in Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act ~~(17~~of ~~CFR~~1934, ~~240~~as amended, or otherwise subject to the liabilities of that Section.~~14a-12)~~

oItem Pre-commencement9.01. communicationsFinancial pursuantStatements toand Rule 14d-2(b) under the Exchange Act (17 CFR 240Exhibits.14d-2(b))

~~o Pre-commencement communications pursuant to Rule 13e-4~~(cd) ~~under the Exchange Act (17 CFR 240.13e-4(c))~~Exhibits

~~Item 2~~99.~~02.~~1 ~~Results~~Press release of ~~Operations~~the ~~and~~Registrant ~~Financial~~dated ~~Condition~~July 21, 2008.

~~All of the information furnished in Items 2~~99.022 ~~and~~Press ~~9.01~~release of ~~this report, including~~ the ~~accompanying~~Registrant ~~exhibit,~~dated isJuly ~~being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934~~22, as amended, or otherwise and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, except to the extent expressly set forth by specific reference in such filing2008.

On January 14, 2008, Silverstar Holdings, Ltd. (the “Company”) issued a press release regarding the Company’s preliminary financial results for the period ended December 31, 2007. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.SIGNATURE

~~Item~~ Pursuant ~~9.01~~to ~~Financial~~the ~~Statements~~requirements ~~and~~of ~~Exhibits~~Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

~~(d)~~Date: ~~Exhibits~~July 24, 2007

~~Exhibit~~SILVERSTAR ~~Number~~HOLDINGS, ~~Description~~LTD. By: Name: Clive Kabatznik Title: Chief Executive Officer

99.1 Press release regarding the Company’s financial results for the period ended December 31, 2007.

SIGNATURES

Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	January 18, 2008	SILVERSTAR HOLDINGS, LTD.
		By:	/s/ Clive Kabatznik
			Name: Clive Kabatznik
			Title: Chief Executive Officer

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