Notes to the Company annual financial statements | Note 4

4. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES
  Accounting policy
 

Investments in associates and joint ventures are carried at cost less any accumulated impairment losses in BLT's annual financial statements.

The following table lists all of the associates and joint ventures of BLT:

Name of company Number of shares
issued		 %
ownership interest
2023		 %
ownership interest
2022		 Carrying amount
2023
R’000		 Carrying amount
2022
R’000
Utilities World Proprietary Limited 1 000 25.10 25.10 12 046 12 046
T3 Telecoms SA Proprietary Limited 50 50.00 50.00 —* —*
Blue Label Communications Proprietary Limited 100 20.00 20.00 —* —*
Blue Train Group Proprietary Limited 100 10.00 10.00 —* —*
        12 046 12 046
* Less than R1 000.

All entities listed above are incorporated in South Africa.