2.

Group composition

2.4

Interest in subsidiaries, associates and joint ventures   Country   Number of issued ordinary shares   Percentage     held       2017             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 Ventures Proprietary Limited trading as Blue Label Accelerator RSA   100   100       Blue Label Distribution Proprietary Limited RSA   100   100       Blue Label One Proprietary Limited RSA   300   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       Panacea Mobile Proprietary Limited RSA   100   100       Reware Proprietary Limited RSA   121   50.41       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:             Subsidiaries of The Prepaid Company Proprietary Limited             Blue Label Connect Proprietary Limited RSA   42 431   100       Robtronics Proprietary Limited RSA   100   51       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       Subsidiary of Viamedia Proprietary Limited             Viadigital Proprietary Limited RSA   120   100       Associates             Directly held:             Associates of Blue Label Telecoms Limited             Lornanox Proprietary Limited RSA   120   40       Utilities World Proprietary Limited RSA   1 000   25.1       Indirectly held:             Associates of Gold Label Investments Proprietary Limited             Oxigen Services India Private Limited India   15 664 785   41.96       Oxigen Online Services India Private Limited India   77 010   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**   Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited) RSA   501   50.1**   Indirectly held:             Joint ventures of Blue Label Data Solutions Proprietary Limited             Datacision Proprietary Limited RSA   100   50       United Call Centre Solutions Proprietary Limited RSA   100   50       Joint venture of Gold Label Investments Proprietary Limited             2DFine Holdings Mauritius Mauritius   2   50       Joint ventures of 2DFine Investments Mauritius             Oxigen Services India Private Limited India   15 664 785   33.85**   Oxigen Online Services India Private Limited India   77 010   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.   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        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.