NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 21


21. RELATED PARTY TRANSACTIONS

Related party relationships

For details of subsidiaries and joint ventures, refer to note 33 in the Group notes.

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, Moneyline 311 Proprietary Limited, aloeCap Proprietary Limited, Stylco Proprietary Limited, Wildekrans Wine Estate 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 of emoluments to Directors, who are regarded as key management, refer to note 29 of the Group annual financial statements and remuneration report.

The following transactions were carried out with related parties:
    2015
R’000		       2014
R'000		  
  Purchases from related parties            
  Black Ginger 59 Proprietary Limited 6 659       6 115  
  BSC Technologies Proprietary Limited —       65  
  Cellfind SA Proprietary Limited 15       14  
  Stax Technologies Proprietary Limited 144       26  
  Stylco Proprietary Limited 50       —  
  The Prepaid Company Proprietary Limited —       2  
  Wildekrans Wine Estate Proprietary Limited —       1  
  ZOK Cellular Proprietary Limited 11       20  
  Interest received from related parties            
  Africa Prepaid Services Proprietary Limited 3 128       4 462  
  Africa Prepaid Services Nigeria Limited 1 286       1 273  
  2DFine Holdings Mauritius 7 135       527  
  Blue Label Mexico S.A. de C.V. (18)       1 017  
  Management fees received from related parties            
  Activi Deployment Services Proprietary Limited 106       97  
  Blue Label Distribution Proprietary Limited 3 678       3 343  
  Blue Label Mexico S.A. de C.V. —       250  
  Blue Label One Proprietary Limited 540       1 200  
  Cellfind SA Proprietary Limited 3 827       3 479  
  Cigicell Proprietary Limited 3 295       2 996  
  Datacel Direct Proprietary Limited 720       483  
  The Prepaid Company Proprietary Limited 96 000       68 000  
  Transaction Junction Proprietary Limited 106       97  
  Rent received from related parties            
  Black Ginger 59 Proprietary Limited 13 866       13 545  
  Rent paid to related parties            
  Ellerine Bros. Proprietary Limited 6 875       6 222  
  Moneyline 311 Proprietary Limited 6 875       6 222  
  Impairment of related party loans            
  Africa Prepaid Services Proprietary Limited 12 254       17 740  
  Africa Prepaid Services Nigeria Limited 11 231       12 397  
  Gold Label Investments Proprietary Limited (53 927)       —  
  Loans to related parties            
  Blue Label Mexico S.A. de C.V. —       1 054  
  Loan is repayable on demand and bears interest at 4.25% per annum.            
  Gold Label Investments Proprietary Limited —       30 589  
  Loan is repayable on demand and is interest free.            
  2DFine Holdings Mauritius 80 672       63 035  
  Loan is repayable on demand and bears interest at 10% per annum.            
  Uninex Proprietary Limited 976       976  
  Loan is repayable on demand and is interest free.            
  Loans from related parties            
  Blue Label Investments Proprietary Limited 3 638       3 638  
  Loan is repayable on demand and is interest free.            
  The Prepaid Company Proprietary Limited 703 253       423 311  
  Loan is repayable on demand and is interest free.            
  Ventury Group Proprietary Limited 48 000       48 000  
  Loan is repayable on demand and is interest free.            
  Amounts due from related parties included in trade receivables            
  Black Ginger 59 Proprietary Limited 3 592       —  
    3 592       —  
  Amounts due to related parties included in trade payables            
  aloeCap Proprietary Limited —       44  
  Black Ginger 59 Proprietary Limited 1 745       —  
  KM Ellerine —       84  
  NN Lazarus —       133  
  LM Nestadt —       211  
  Moneyline 311 Proprietary Limited 2 110       —  
  Unihold Group Proprietary Limited —       95  
  JS Vilakazi —       71  
    3 855       638  

NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS – NOTE 21