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

~~FORM~~SECURITIES ~~8-K~~AND EXCHANGE COMMISSION

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

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

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

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

CURRENT REPORT

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

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

~~Not~~Date ~~Applicable~~of Report (~~Former~~Date ~~Name~~of orearliest ~~Former~~event ~~Address,~~reported): ifMarch ~~Changed~~3, ~~Since Last Report)~~2009

~~Check~~SILVERSTAR ~~the~~HOLDINGS, ~~appropriate 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:~~ LTD.

~~Written~~(Exact ~~communications~~Name ~~pursuant~~of toRegistrant ~~Rule~~as ~~425~~Specified ~~under~~in ~~the Securities Act (17 CFR 230.425~~Charter)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

~~Pre-commencement~~Clarendon ~~communications~~House, ~~pursuant~~Church toStreet, ~~Rule~~Hamilton, ~~14d-2(b)~~HM ~~under~~CX, ~~the Exchange Act (17 CFR 240.14d-2(b))~~Bermuda

~~Pre-commencement~~(Address ~~communications~~of ~~pursuant~~Principal toExecutive ~~Rule 13e-4(c~~Offices) ~~under the Exchange Act~~ (17Zip ~~CFR 240.13e-4(c~~Code))

~~Item~~Registrant’s ~~7.01. Regulation FD~~telephone ~~Disclosure.~~ number, including area code: (441) 295-1422

~~On July~~Not ~~21,~~Applicable ~~2008 and July 22, 2008, Silverstar Holdings, Ltd.~~ (~~the~~Former ~~“Registrant”)~~Name ~~issued~~or ~~the~~Former ~~press releases attached hereto as Exhibits 99.1 and 99.2~~Address, ~~which~~if ~~are~~Changed ~~incorporated~~Since byLast ~~reference herein and furnished pursuant to Item 7.01 of Form 8-K.~~ Report)

~~The information~~Check inthe ~~this~~appropriate ~~Current~~box ~~Report~~below onif the Form 8-K ~~under~~filing ~~this~~is ~~item~~intended ~~7.01, including the information set forth in Exhibits 99.1 and 99.2, shall not be deemed~~ to besimultaneously ~~“filed”~~satisfy ~~for~~ the ~~purposes~~ offiling ~~Section~~obligation 18 of the ~~Securities~~registrant ~~Exchange~~under ~~Act~~any of ~~1934, as amended, or otherwise subject to~~ the ~~liabilities~~following ~~of that Section.~~ provisions:

~~Item~~o ~~9.01.~~Written ~~Financial~~communications ~~Statements~~pursuant ~~and~~to ~~Exhibits~~Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (d)17 ~~Exhibits~~CFR 240.14a-12)

~~99.1~~o ~~Press~~Pre-commencement ~~release~~communications ofpursuant to Rule 14d-2(b) under the ~~Registrant~~Exchange ~~dated~~Act ~~July~~(17 ~~21,~~CFR ~~2008~~240.14d-2(b))

~~99.2~~o ~~Press~~Pre-commencement ~~release~~communications ofpursuant to Rule 13e-4(c) under the ~~Registrant~~Exchange ~~dated~~Act ~~July~~(17 ~~22,~~CFR ~~2008~~240.13e-4(c))

~~SIGNATURE~~Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

~~Pursuant~~As topreviously disclosed in a Form 8-K filed by Silverstar Holdings, Ltd. (the ~~requirements~~“Company”) ofwith the Securities and Exchange ~~Act~~Commission of(the ~~1934~~“SEC”) on November 21, 2008, the ~~registrant~~Company ~~has~~was ~~duly~~notified ~~caused this~~by ~~report~~the tostaff be(the ~~signed~~“Staff”) of The Nasdaq Stock Market (“Nasdaq”) on November 17, 2008, that it was not in compliance with Nasdaq Marketplace Rule 4310(c)(3). Marketplace Rule 4310(c)(3) requires that the Company maintain either (i) stockholders’ equity of at least $2,500,000, (ii) a market value of its ~~behalf~~listed bysecurities of at least $35,000,000, or (iii) net income from continuing operations of at least $500,000 during the ~~undersigned~~last ~~hereunto~~fiscal ~~duly~~year ~~authorized~~or two of the last three fiscal years.

~~Date:~~On ~~July~~November 2425, ~~2007~~2008 and January 15, 2009, the Company provided the Staff with a plan (the “Compliance Plan”) to achieve and sustain compliance with The Nasdaq Capital Market stockholders’ equity listing requirement, including the time frame for completion of the plan. Based on the Staff’s review and the Compliance Plan, the Staff granted the Company’s request for an extension until March 2, 2009, to regain compliance with this requirement.

~~SILVERSTAR~~On ~~HOLDINGS~~March 3, ~~LTD~~2009, the Company was notified by the Staff that because the Company had not regained compliance with the stockholders’ equity requirement, the Staff had determined to delist the Company’s common stock from Nasdaq. ~~By:~~Trading ~~Name:~~of ~~Clive~~the ~~Kabatznik~~Company’s ~~Title:~~common ~~Chief~~stock ~~Executive~~will ~~Officer~~be suspended at the opening of business on March 12, 2009, and a Form 25-NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on Nasdaq.

Following delisting, the Company’s common stock will not be immediately eligible to trade over the OTC Bulletin Board or in the “Pink Sheets”; however, such securities could become eligible should a market maker make application to register in and quote the security in accordance with SEC Rule 15c2-11, and such application is cleared.

On March 9, 2009, the Company issued a press release announcing the receipt of the March 3, 2009, Nasdaq determination letter. A copy of the press release is included as an exhibit to this Form 8-K.

Item 9.01

Financial Statements and Exhibits.

(d)	Exhibits
Exhibit Number		Description
99.1		Press release of the Company dated March 9, 2009.

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:	March 9, 2009	SILVERSTAR HOLDINGS, LTD.

		By:	/s/ Clive Kabatznik
			Name:	Clive Kabatznik
			Title:	Chief Executive Officer

Filing Compare · SILVERSTAR HOLDINGS LTD