TFG (Pty) Ltd has permitted a maximum of six directors, three directors appointed by @home stores with two votes only, two directors appointed by Foschini with one vote each, and one director appointed by Due South with 7 votes. Identify clearly which company(s) is the holding company of TFG (Pty) Ltd and why, also set out the status of the other companies within the group.

Set out which entity is the holding company in the scenario and why. (5 Marks)