| 2. | GROUP COMPOSITION | ||
| 2.3 | Interest in subsidiaries, associates and joint ventures | ||
Blue Label Telecoms
African Distribution 100% The Prepaid Company 100% Blue Label Connect 49.53% Cell C 100% Glocell Distribution 100% Comm Equipment Company 100% Blue Label Distribution 60% Transaction Junction 74% Cigicell 100% Glocell Retail Solutions Solutions 81% Blue Label Data Solutions Subsidiary Associate
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