Notes to the Company annual financial statements | Note 22

22. RELATED PARTIES
 

Accounting policy

A related party is a person or an entity that is related to the reporting entity:

  • A person or a close member of that person's family is related to a reporting entity if that person has control, joint control, or significant influence over the entity or is a member of its key management personnel.
  • An entity is related to a reporting entity if, among other circumstances, it is a parent, subsidiary, fellow subsidiary, associate or joint venture of the reporting entity, or it is controlled, jointly controlled, or significantly influenced or managed by a person who is a related party.

The Executive Directors of BLT are regarded as key management of BLT. For details of emoluments to Directors, refer to note 25.

For details of the shareholdings in BLT, refer to the Directors' report.

Relationships

Subsidiaries of Blue Label Telecoms Limited
A Connect Telecoms Proprietary Limited  
(formerly Mopstyle Investments Proprietary Limited) Glocell Retail Solutions Proprietary Limited
Aligned Partnered Solutions Proprietary Limited Gold Label Investments Proprietary Limited
Blue Label Company Proprietary Limited Heroticket Proprietary Limited
Blue Label Connect Proprietary Limited Lipa Payments Proprietary Limited
Blue Label Data Solutions Proprietary Limited Mobile Macs Proprietary Limited
Blue Label Distribution Proprietary Limited One World Telecoms Proprietary Limited
Blue Label One Proprietary Limited Reware Proprietary Limited
Blue Label Ventures Proprietary Limited Robtronics Proprietary Limited
Blue Moon Asset Company Proprietary Limited Striide SA Proprietary Limited
Blu Nova Proprietary Limited The Prepaid Company Proprietary Limited
Bluadvance Proprietary Limited TicketPros Proprietary Limited
Budding Trade 1170 Proprietary Limited Transaction Junction Namibia Proprietary Limited
Cigicell Proprietary Limited Transaction Junction Proprietary Limited
CNS Call Centre Proprietary Limited Uninex Proprietary Limited
Comm Equipment Company Proprietary Limited Ventury Group Proprietary Limited
Comm Equipment Trading Company Proprietary Limited Visual Revenue Management Proprietary Limited
Datacel Direct Proprietary Limited WiConnect Proprietary Limited
Dunoworx Proprietary Limited Wozza Airtime Proprietary Limited
Glocell Distribution Proprietary Limited
 
Joint ventures and associates of Blue Label Telecoms Limited
2DFine Holdings Mauritius I Talk 2U Proprietary Limited
Blue Label Communications Proprietary Limited Utilities World Proprietary Limited
Blue Train Group Proprietary Limited T3 Telecoms SA Proprietary Limited
I Talk Financial Services Proprietary Limited Cell C Limited
I Talk Holdings Proprietary Limited

Related party balances

2023  Gross 
carrying 
amount 
R'000 		 Loss 
allowance 
R'000 		 Total 
R'000 
Loans to group companies (refer note 6)      
Blue Label Company Proprietary Limited  9 011  (611) 8 400 
Blue Label Ventures Proprietary Limited  12 000  (1 366) 10 634 
Gold Label Investments Proprietary Limited  388 372  (388 372) — 
The Prepaid Company Proprietary Limited  2 209 887  (465 711) 1 744 176 
  2 619 270  (856 060) 1 763 210 
2022       
Blue Label Company Proprietary Limited  37 098  (56) 37 042 
Blue Label Ventures Proprietary Limited  12 000  (1 543) 10 457 
Gold Label Investments Proprietary Limited  385 001  (385 001) — 
The Prepaid Company Proprietary Limited  2 189 147  (198 050) 1 991 097 
Uninex Proprietary Limited  976  -  976 
  2 624 222  (584 650) 2 039 572 

Other receivables (refer note 7) 2023 
R'000 		 2022
R'000 
Utilities World Proprietary Limited — 5 885

Dividends received from related parties (refer note 13) 2023  
R'000  		 2022  
R'000  
Transaction Junction Proprietary Limited  —  (33 000)
Ventury Group Proprietary Limited  —  (61 584)
Utilities World Proprietary Limited  (61) (5 885)
Datacel Direct Proprietary Limited  (31 518) — 
(31 579) (100 469)