NOTES TO THE ANNUAL FINANCIAL STATEMENTS � NOTE 34     Country Number of issued ordinary shares Percentage held     34. INTEREST IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES             2015             Subsidiaries             Directly held:             Subsidiaries of Blue Label Telecoms Limited             Activi Deployment Services Proprietary Limited RSA 100 100       Africa Prepaid Services Proprietary Limited RSA 420 90       Africa Prepaid Services Nigeria Limited Nigeria 10 000 000 24.01       Airtime Xpress Proprietary Limited RSA 200 100       Blue Label Distribution Proprietary Limited RSA 100 100       Blue Label One Proprietary Limited RSA 300 100       Blue Label Investments Proprietary Limited RSA 1 200 000 100       BLT USA Inc. USA 100 100       Budding Trade 1170 Proprietary Limited RSA 100 100       Cellfind Proprietary Limited RSA 1 000 100       Datacel Direct Proprietary Limited RSA 100 100       Kwikpay SA Proprietary Limited RSA 100 100       Panacea Mobile Proprietary Limited RSA 100 100       Simigenix Proprietary Limited RSA 120 100       The Prepaid Company Proprietary Limited RSA 10 000 100       The Post Paid Company Proprietary Limited RSA 200 100       TicketPros Proprietary Limited RSA 250 100       Transaction Junction Proprietary Limited RSA 120 60       Uninex Proprietary Limited RSA 100 100       Ventury Group Proprietary Limited RSA 2 000 100       Viamedia Proprietary Limited RSA 3 230 000 75       Virtual Voucher Proprietary Limited RSA 200 100       Indirectly held:             Subsidiary of Blue Label Investments Proprietary Limited             Gold Label Investments Proprietary Limited RSA 1 000 100       Subsidiary of The Prepaid Company Proprietary Limited             Retail Mobile Credit Specialists Proprietary Limited RSA 42 431 100       Subsidiary of Ventury Group Proprietary Limited             Cigicell Proprietary Limited RSA 100 74       Subsidiary of Africa Prepaid Services Proprietary Limited             Africa Prepaid Services Nigeria Limited Nigeria 10 000 000 51       Subsidiaries of Datacel Direct Proprietary Limited             Blue Label Call Centre Proprietary Limited RSA 300 100       CNS Call Centre Proprietary Limited RSA 1 000 100       Velociti Proprietary Limited RSA 1 000 100       Blue Label Data Solutions Proprietary Limited RSA 100 81       Subsidiary of 2DFine Holdings Mauritius             2DFine Investments Mauritius Mauritius 1 100       Subsidiaries of Blue Label Mexico S.A. de C.V.             SGC Servicios Y Gestion Corporation S.A. de C.V. Mexico 500 99.8       Connecta Systems LLC USA 1 000 100       Pagacel S.A. de C.V. Mexico 500 99.8       Transipago S.A. de C.V. Mexico 500 99.8       Associate of Blue Label Telecoms Limited             Lornanox Proprietary Limited RSA 120 40       Indirectly held:             Associates of Gold Label Investments Proprietary Limited             Oxigen Services India Private Limited India 14 244 294 37.22       Mpower Softcomm Private Limited India 16 286 14.4*       Associate of Blue Label Data Solutions Proprietary Limited             Forensic Intelligence Data Solutions Proprietary Limited RSA 100 25       Associate of 2DFine Investments Mauritius             Mpower Softcomm Private Limited India 16 286 14.4*       Joint venture of Blue Label Telecoms Limited             Blue Label Mexico S.A. de C.V. Mexico 9 200 46.64**       Joint venture of Blue Label Data Solutions Proprietary Limited             Datacision Proprietary Limited RSA 100 50       Joint venture of Gold Label Investments Proprietary Limited             2DFine Holdings Mauritius Mauritius 2 50       Joint venture of 2DFine Investments Mauritius             Oxigen Services India Private Limited India 14 244 294 37.22**       Joint venture of Viamedia Proprietary Limited             Supa Pesa Africa (Mauritius) Limited Mauritius 100 50       Supa Pesa South Africa Proprietary Limited RSA 200 50       * Significant influence is demonstrated by the Company as a result of representation on the Board of Directors.   ** Joint control is demonstrated by the composition of and decision-making powers afforded to the Board of Directors.     Country Number of issued ordinary shares Percentage held       2014             Subsidiaries             Directly held:             Subsidiaries of Blue Label Telecoms Limited             Activi Deployment Services Proprietary Limited RSA 100 100       Activi Technology Services Proprietary Limited RSA 300 100       Africa Prepaid Services Proprietary Limited RSA 420 90       Africa Prepaid Services Nigeria Limited Nigeria 10 000 000 24.01       Airtime Xpress Proprietary Limited RSA 200 100       Blue Label Distribution Proprietary Limited RSA 100 100       Blue Label Engage Proprietary Limited RSA 1 000 50.1       Blue Label One Proprietary Limited RSA 300 100       Blue Label Investments Proprietary Limited RSA 1 200 000 100       BLT USA Inc. USA 100 100       Budding Trade 1170 Proprietary Limited RSA 100 100       Cellfind Proprietary Limited RSA 1 000 100       Datacel Direct Proprietary Limited RSA 100 100       Kwikpay SA Proprietary Limited RSA 100 100       Matragon Proprietary Limited RSA 100 100       Panacea Mobile Proprietary Limited RSA 100 100       Simigenix Proprietary Limited RSA 120 100       The Prepaid Company Proprietary Limited RSA 10 000 100       The Post Paid Company Proprietary Limited RSA 200 100       TicketPros Proprietary Limited RSA 250 100       Transaction Junction Proprietary Limited RSA 120 60       Uninex Proprietary Limited RSA 100 100       Ventury Group Proprietary Limited RSA 2 000 100       Virtual Voucher Proprietary Limited RSA 200 100       Indirectly held:             Subsidiary of Blue Label Investments Proprietary Limited             Gold Label Investments Proprietary Limited RSA 1 000 100       Subsidiary of The Prepaid Company Proprietary Limited             Retail Mobile Credit Specialists Proprietary Limited RSA 42 431 100       Subsidiary of Ventury Group Proprietary Limited             Cigicell Proprietary Limited (refer to note 5 included in Group statement of changes in equity) RSA 100 100       Subsidiary of Africa Prepaid Services Proprietary Limited             Africa Prepaid Services Nigeria Limited Nigeria 10 000 000 51       Subsidiaries of Datacel Direct Proprietary Limited             Blue Label Call Centre Proprietary Limited RSA 300 100       CNS Call Centre Proprietary Limited RSA 1 000 100       Velociti Proprietary Limited RSA 1 000 100       Blue Label Data Solutions Proprietary Limited RSA 100 81       Subsidiary of 2DFine Holdings Mauritius             2DFine Investments Mauritius Mauritius 1 100       Subsidiaries of Blue Label Mexico S.A. de C.V.             SGC Servicios Y Gestion Corporation S.A. de C.V. Mexico 500 99.8       Connecta Systems LLC USA 1 000 100       Pagacel S.A. de C.V. Mexico 500 99.8       Transipago S.A. de C.V. Mexico 500 99.8       Indirectly held:             Associates of Gold Label Investments Proprietary Limited             Smart Voucher Limited trading as Ukash United Kingdom 57 375 861 17.25*       Oxigen Services India Private Limited India 14 244 294 37.22       Associates of Blue Label Data Solutions Proprietary Limited             Dual Data Proprietary Limited RSA 100 50       Forensic Intelligence Data Solutions Proprietary Limited RSA 100 25       Joint venture of Blue Label Telecoms Limited             Blue Label Mexico S.A. de C.V. Mexico 9 200 45.57**       Joint venture of Blue Label Data Solutions Proprietary Limited             Datacision Proprietary Limited RSA 100 50       Joint venture of Gold Label Investments Proprietary Limited             2DFine Holdings Mauritius Mauritius 2 50       Joint venture of 2DFine Investments Mauritius             Oxigen Services India Private Limited India 14 244 294 37.22**       * Significant influence is demonstrated by the Company as a result of representation on the Board of Directors.   ** Joint control is demonstrated by the composition of and decision-making powers afforded to the Board of Directors. NOTES TO THE ANNUAL FINANCIAL STATEMENTS � NOTE 34