111 / 198
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
109
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
2.
Group composition
continued
2.4 Interest in subsidiaries, associates and joint ventures continued
Country
Number of
issued
ordinary
shares
Percentage
held
2016 continued
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
Blue Label Data Solutions Proprietary Limited
RSA
100
81
Subsidiary of Transaction Junction Proprietary Limited
Transaction Junction (Namibia) Proprietary Limited
Namibia
100
100
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
Associates
Directly held:
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
40.96
Mpower Softcomm Private Limited
India
16 286
14.4*
Associate of 2DFine Investments Mauritius
Mpower Softcomm Private Limited
India
16 286
14.4*
Joint ventures
Directly held:
Joint ventures of Blue Label Telecoms Limited
Blue Label Mexico S.A. de C.V.
Mexico
9 200
47.56**
Banosign Proprietary Limited
RSA
501
50.1**
Indirectly held:
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
34.42**
Joint ventures of Viamedia Proprietary Limited
SupaPesa Africa 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.
*** Formerly known as Retail Mobile Credit Specialists Proprietary Limited.