UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): April 4, 2006

                            SILVERSTAR HOLDINGS, LTD.
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               (Exact Name of Registrant as Specified in Charter)

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


            Clarendon House, Church Street, Hamilton, HM CX, Bermuda
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(Address of Principal Executive Offices)                              (Zip Code)


       Registrant's telephone number, including area code: (441) 295-1422


                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  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:

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

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

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))





ITEM 7.01  REGULATION FD DISCLOSURE

         On April 4, 2006,  Strategy  First Inc., a wholly owned  subsidiary  of
Silverstar Holdings Ltd. (the "Registrant"),  announced that it had acquired all
of the  intellectual  property  assets of Malfador  Machinations  of Santa Rosa,
California.  A copy of the  Registrant's  press  release is  attached  hereto as
Exhibit 99.1.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

         Exhibit Number    Description
         --------------    -----------

         99.1              Press release of the Registrant dated April 4, 2006.






                                   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:    April 5, 2006

                                     SILVERSTAR HOLDINGS, LTD.


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