NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 28

28. RELATED PARTY TRANSACTIONS

For details of subsidiaries, associates and joint ventures, refer to note 33. For details of the Company’s directors, refer to the directors’ report. ZOK Cellular Proprietary Limited, BSC Technologies Proprietary Limited, Black Ginger 59 Proprietary Limited, Dataforce Trading 240 Proprietary Limited, Moneyline 311 Proprietary Limited, PLL Investments Proprietary Limited, aloeCap Proprietary Limited, Stylco Proprietary Limited, Wildekrans Wine Estate Proprietary Limited, Wireless Business Solutions Proprietary Limited, iBurst Proprietary Limited, Parkrun Southern Africa Proprietary Limited, Bordelo Properties Proprietary Limited, Blu’s Brothers Proprietary Limited, Stax Technologies Proprietary Limited, and Ellerine Bros. Proprietary Limited are related parties due to directors’ shareholdings and the companies having certain common directorships.

For details of the shareholdings in the Company, refer to the directors’ report.

For details on directors’ emoluments, refer to note 29.

The following transactions were carried out with related parties and all relate to continued operations:

    2014
R’000		   2013
R’000		  
Sales to related parties          
BSC Technologies Proprietary Limited   443   613  
Bela Phone Company Proprietary Limited   —   59  
Blue Label Mexico S.A. de C.V.   5 053   5 255  
Datacision Proprietary Limited   112   —  
iBurst Proprietary Limited   732   815  
Smart Voucher Limited trading as UKash   24   32  
Stax Technologies Proprietary Limited   49   —  
Stylco Proprietary Limited   2 907   11 094  
ZOK Cellular Proprietary Limited   3 448   4 090  
Sales to related parties are negotiated on a cost-plus basis with terms that would be available to third parties.
          
Purchases from related parties          
Bela Phone Company Proprietary Limited   —   245  
Black Ginger 59 Proprietary Limited   12 498   10 895  
Blu’s Brothers Proprietary Limited   245   —  
BSC Technologies Proprietary Limited   211   8 833  
PLL Investments Proprietary Limited   —   11  
Smart Voucher Limited trading as UKash   28   1 034  
Stax Technologies Proprietary Limited   62   —  
Stylco Proprietary Limited   3 935   3 692  
Wildekrans Wine Estate Proprietary Limited   5   16  
Wireless Business Solutions Proprietary Limited   16 593   —  
ZOK Cellular Proprietary Limited   62 947   52 398  
Purchases of goods and services from related parties are negotiated on a cost-plus basis.
          
Interest received from related parties          
2DFine Holdings Mauritius (refer to note 6)   11 795   8 575  
Blue Label Mexico S.A. de C.V (refer to note 6)   1 017   576  
Interest rates are per contractual agreement.          
Management fees received from related parties          
Blue Label Mexico S.A. de C.V.   250   520  
Datacision Proprietary Limited   387   252  
Forensic Intelligence Data Solutions Proprietary Limited   270   —  
Management fees received are per contractual agreement based on the fair value of services provided.
          
Management fees paid to related parties          
BSC Technologies Proprietary Limited   —   122  
Management fees paid are per contractual agreement based on the fair value of services received.
          
Rent paid to related parties          
Ellerine Bros. Proprietary Limited   6 222   5 631  
Dataforce Trading 240 Proprietary Limited   2 776   2 560  
Moneyline 311 Proprietary Limited   6 222   5 631  
PLL Investments Proprietary Limited   1 363   2 143  
Rentals paid to related parties are based on market-related rates.
          
Contributions to related parties          
Parkrun Southern Africa Proprietary Limited   538   336  
Purchases of property, plant and equipment from related parties          
Bordelo Properties Proprietary Limited   3 123   —  
Loans to related parties          
2DFine Holdings Mauritius* (refer to note 6)   127 373   108 798  
Blue Label Mexico S.A. de C.V. (refer to note 6)   1 054   —  
Forensic Intelligence Data Solutions Proprietary Limited (refer to note 6)   305   —  
Oxigen Services India Private Limited (refer to note 6)   25 068   18 643  
ZOK Cellular Proprietary Limited (refer to note 7)   24 091   19 582  
* B Levy and M Levy have signed personal sureties for the loan owed by 2DFine Holdings Mauritius to Gold Label Investments Proprietary Limited. Their liability is limited to the difference between the sum of 50% of the loan owing and the value of 18.61% of the shares in Oxigen Services India Private Limited on the 30th day after which the loan becomes due and payable or extended date as may be agreed in writing by Gold Label Investments Proprietary Limited.
      2014
R’000		   2013
R’000		  
  Amounts due from related parties included in trade receivables          
  Black Ginger 59 Proprietary Limited   1 456   2 184  
  Blue Label Mexico S.A. de C.V.   5 314   9 423  
  BSC Technologies Proprietary Limited   —   20  
  Datacision Proprietary Limited   46   —  
  iBurst Proprietary Limited   62   1 820  
  PLL Investments Proprietary Limited   —   27  
  Stylco Proprietary Limited   —   960  
  ZOK Cellular Proprietary Limited   2   2  
      6 880   14 436  
  Amounts due to related parties included in trade payables          
  aloeCap Proprietary Limited   44   —  
  Black Ginger 59 Proprietary Limited   131   117  
  BSC Technologies Proprietary Limited   —   22  
  Datacision Proprietary Limited   1 149   —  
  KM Ellerine   84   42  
  NN Lazarus   133   40  
  LM Nestadt   211   199  
  PLL Investments Proprietary Limited   2   —  
  Smart Voucher Limited trading as UKash   360   386  
  Unihold Group Proprietary Limited   195   —  
  JS Vilakazi   71   30  
  Wireless Business Solutions Proprietary Limited   3 436   —  
      5 816   836  

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 28