Note 8

Related parties

Transactions and balances with related parties:


	2017 R’000	2016 R’000
Sales to related parties
Blue Label Mexico S.A. de C.V.*	6 709	10 645
Datacision Proprietary Limited*	117	134
Lornanox Proprietary Limited*	9 629	6 196
Melrose Motor Investments Proprietary Limited	645	—
Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited)*	308	988
Stylco Proprietary Limited	9 174	12 488
Unihold Group Proprietary Limited	355	—
United Call Centre Solutions Proprietary Limited*	400	—
Wildekrans Trust	—	27
ZOK Cellular Proprietary Limited	1 861	2 207
Purchases from related parties
Banosign Proprietary Limited*	—	157
Black Ginger 59 Proprietary Limited	14 340	13 109
Datacision Proprietary Limited*	—	404
Lornanox Proprietary Limited*	—	422
Matragon House Proprietary Limited	49	—
Mpower Softcomm Private Limited*	892	—
Stax Technologies Proprietary Limited	—	991
Stylco Proprietary Limited	89	445
The Grill House Close Corporation	156	45
Uvongo Falls No 26 Proprietary Limited	972	—
Wildekrans Wine Estate Proprietary Limited	1	—
Wireless Business Solutions Proprietary Limited	—	519
ZOK Cellular Proprietary Limited	17 552	26 001
Interest received from related parties
2DFine Holdings Mauritius* (refer to note 2.2)	21 159	19 879
Lornanox Proprietary Limited* (refer to note 2.1)	3 385	1 066
Oxigen Services India Private Limited* (refer to note 2.2)	2 565	—
Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited)*	297	—
Stylco Proprietary Limited	3 041	3 548
Supa Pesa South Africa Proprietary Limited* (refer to note 2.1)	790	858
Management fees received from related parties
Datacision Proprietary Limited*	563	519
Forensic Intelligence Data Solutions Proprietary Limited*	—	88
United Call Centre Solutions Proprietary Limited*	200	—
Rent received from related parties
Forensic Intelligence Data Solutions Proprietary Limited*	—	32
Rent paid to related parties
Ellerine Bros. Proprietary Limited	8 180	7 597
Matragon House Proprietary Limited	712	1 285
Moneyline 311 Proprietary Limited	8 180	7 597
Uvongo Falls No 26 Proprietary Limited	3 697	—
Wildekrans Trust	3 943	3 626
Purchases of intangible assets from related parties
Mpower Softcomm Private Limited^*	—	374
Purchases of property, plant and equipment from related parties
Melrose Motor Investments Proprietary Limited	4 535	—
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 2.2)	218 305	234 892
Lornanox Proprietary Limited^* (refer to note 2.1)	75 209	65 949
Oxigen Services India Private Limited^* (refer to note 2.2)	34 310	38 359
Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited)* (refer to note 2.1)	11 033	1 638
Stylco Proprietary Limited (refer to note 3.1.1)	—	26 000
Supa Pesa South Africa Proprietary Limited^* (refer to note 2.1)	6 714	7 307
United Call Centre Solutions Proprietary Limited^* (refer to note 2.1)	1 591	—
ZOK Cellular Proprietary Limited (refer to note 3.1.1)	26 364	20 881
Amounts due from related parties included in trade receivables
Black Ginger 59 Proprietary Limited	—	4 351
Blue Label Mexico S.A. de C.V.^*	3 194	1 039
Datacision Proprietary Limited^*	582	3 330
Lornanox Proprietary Limited^*	13 676	5 846
Oxigen Services India Private Limited^*	5 244	6 328
Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited)^*	—	4 057
Stax Technologies Proprietary Limited	—	21
Stylco Proprietary Limited	—	747
ZOK Cellular Proprietary Limited	3	—
	22 702	25 719
Amounts due to related parties included in trade payables
Black Ginger 59 Proprietary Limited	2 057	3 166
Blue Label Mexico S.A. de C.V.^*	393	—
Datacision Proprietary Limited^*	55	44
Matragon House Proprietary Limited	6	—
Prepaid24 Proprietary Limited (previously Banosign Proprietary Limited)^*	1 098	—
Stylco Proprietary Limited	—	7
Wildekrans Trust	—	15
ZOK Cellular Proprietary Limited	—	19 912
	3 609	23 144

2DFine Holdings Mauritius, Prepaid24 Proprietary Limited, Blue Label Mexico S.A. de C.V., Datacision Proprietary Limited, United Call Centre Solutions 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 or 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.

^†

B 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 16.93% 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. For details of equity compensation benefit expense in respect of Directors refer to note 5.1. 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.