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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS

continued

For the year ended 31 May 2016

BLUE LABEL INTEGRATED ANNUAL REPORT 2016

108

2.

Group composition

continued

2.4 Interest in subsidiaries, associates and joint ventures

Country

Number of

issued

ordinary

shares

Percentage

held

2016

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

Blue Label Distribution Proprietary Limited

RSA

100

100

Blue Label One Proprietary Limited

RSA

300

100

Blu Money Proprietary Limited

RSA

100

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

Gold Label Investments Proprietary Limited

RSA

1 000

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 The Prepaid Company Proprietary Limited

Blue Label Connect Proprietary Limited***

RSA

42 431

100

*** Formerly known as Retail Mobile Credit Specialists Proprietary Limited.