NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 8

8. Related parties

Transactions and balances with related parties:


  2016
R’000
  2015
R’000
 
Sales to related parties        
Banosign Proprietary Limited* 988    
Blue Label Mexico S.A. de C.V. 10 645   9 922  
Datacision Proprietary Limited* 134   206  
iBurst Proprietary Limited   752  
Lornanox Proprietary Limited* 6 196    
Mpower Softcomm Private Limited*   4  
Stax Technologies Proprietary Limited   272  
Stylco Proprietary Limited 12 488   636  
Wildekrans Trust 27    
ZOK Cellular Proprietary Limited 2 207   2 428  
Purchases from related parties        
Banosign Proprietary Limited* 157    
Black Ginger 59 Proprietary Limited 13 109   14 074  
Datacision Proprietary Limited* 404   293  
Forensic Intelligence Data Solutions Proprietary Limited*   2  
Lornanox Proprietary Limited* 422    
Mpower Softcomm Private Limited*   1  
PLL Investments Proprietary Limited   27  
Stax Technologies Proprietary Limited 991   252  
Stylco Proprietary Limited 445   7 939  
Wildekrans Wine Estate Proprietary Limited   4  
Wireless Business Solutions Proprietary Limited 519   6 292  
ZOK Cellular Proprietary Limited 26 001   69 946  
Interest received from related parties        
2DFine Holdings Mauritius* (refer to note 2.1) 19 879   14 269  
Lornanox Proprietary Limited* (refer to note 2.1) 1 066    
Stylco Proprietary Limited 3 548    
Supa Pesa South Africa Proprietary Limited* (refer to note 2.1) 858   217  
Management fees received from related parties        
Datacision Proprietary Limited* 519   545  
Forensic Intelligence Data Solutions Proprietary Limited* 88   192  
Rent received from related parties        
Forensic Intelligence Data Solutions Proprietary Limited* 32    
Rent paid to related parties        
Ellerine Bros. Proprietary Limited 7 597   6 875  
Dataforce Trading 240 Proprietary Limited   253  
Moneyline 311 Proprietary Limited 7 597   6 875  
PLL Investments Proprietary Limited 1 285   1 526  
Wildekrans Trust 3 626   3 087  
Purchases of intangible assets from related parties        
Liquid NFC Proprietary Limited   13 000  
Mpower Softcomm Private Limited* 374   3 580  
Loans from related parties        
Datacision Proprietary Limited* (refer to note 3.2.2) 4 738   4 738  
Loans to related parties        
2DFine Holdings Mauritius*† (refer to note 2.1) 234 892   163 634  
Banosign Proprietary Limited* (refer to note 2.1) 1 638    
Lornanox Proprietary Limited* (refer to note 2.1) 65 949   6 000  
Oxigen Services India Private Limited* (refer to note 2.1) 38 359   29 552  
Stylco Proprietary Limited (refer to note 3.1.1) 26 000    
Supa Pesa South Africa Proprietary Limited* (refer to note 2.1) 7 307   7 900  
ZOK Cellular Proprietary Limited (refer to note 3.1.1) 20 881   18 768  
Amounts due from related parties included in trade receivables        
Banosign Proprietary Limited* 4 057    
Black Ginger 59 Proprietary Limited 4 351   3 987  
Blue Label Mexico S.A. de C.V.* 1 039   1 943  
Datacision Proprietary Limited 3 330   3 165  
iBurst Proprietary Limited   57  
Lornanox Proprietary Limited* 5 846    
Oxigen Services India Private Limited* 6 328    
Stax Technologies Proprietary Limited 21   24  
Stylco Proprietary Limited 747    
ZOK Cellular Proprietary Limited   2  
  25 719   9 178  
Amounts due to related parties included in trade payables        
Black Ginger 59 Proprietary Limited 3 166   4 517  
Datacision Proprietary Limited* 44   98  
Moneyline 311 Proprietary Limited   2 110  
Mpower Softcomm Private Limited*   901  
PLL Investments Proprietary Limited   141  
Stylco Proprietary Limited 7   3  
Wildekrans Trust 15    
Wireless Business Solutions Proprietary Limited   58  
ZOK Cellular Proprietary Limited 19 912    
  23 144   7 828  
* 2DFine Holdings Mauritius, Banosign Proprietary Limited, Blue Label Mexico S.A. de C.V., Datacision Proprietary Limited, Forensic Intelligence Data Solutions Proprietary Limited, Lornanox Proprietary Limited, Mpower Softcomm Private Limited, and Supa Pesa South Africa Proprietary Limited are related parties in that they are associates and joint ventures of the Group (refer to note 2.4). The remaining companies are related parties due to Directors’ shareholdings and the companies having certain common directorships.
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 loan owing to Gold Label Investments Proprietary Limited and the value of 17.21% (2015: 18.61%) of the shares in Oxigen Services India Private Limited on the 30th day after which the loan becomes due and payable or the extended date as may be agreed in writing by Gold Label Investments Proprietary Limited.

For details of emoluments to Directors refer to note 5.3. The Executive Directors of the Company are regarded as key management of the Group.

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


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 8