Notes to the Group annual financial statements | Note 8

8. RELATED PARTIES
 

Transactions and balances with related parties:

  Sales to related
parties		 Purchases from
related parties
  2023
R’000		 2022
R’000		 2023
R’000		 2022
R’000
Blue Train Proprietary Limited* 1 845 — 67 344 13 631
Blue Label Communications Proprietary Limited* 146 — — —
Cell C Limited and its related entities* 5 354 565 3 975 162 7 035 401 6 624 066
I Talk Financial Services Proprietary Limited* 4 690 5 924 5 419 2 452
I Talk Holdings Proprietary Limited* 31 483 28 192 42 588 42 542
I Talk 2U Proprietary Limited* — 218 — 217
i-Crypto Incorporated* 1 018 70 — —
Mobii Systems Proprietary Limited and its related        
entities* 480 480 — 2 111
Moneyline 311 Proprietary Limited2 — — 1 720 4 201
T3 Telecoms SA Proprietary Limited* 2 232 922 3 619 973 29 897 20 561
Unihold Group Proprietary Limited — 3 — —
Utilities World Proprietary Limited* 8 532 3 803 8 054 1 017
Uvongo Falls No 26 Proprietary Limited2 — — 926 1 314
Wozza Airtime Proprietary Limited* 51 — — —
  7 635 732 7 633 825 7 193 237 6 712 112
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.2.
2 Independent Non-Executive Director, GD Harlow, resigned on 19 October 2022. Related party disclosure, as a result of his common directorships, has been disclosed accordingly and in line with his resignation date.
   Income received from
related parties 		 Expenses paid to
related parties 
   2023 
R'000 		 2022 
R'000 		 2023 
R'000 		 2022 
R'000 
Other income received from related parties             
Blue Train Proprietary Limited*  —  501  —  — 
I Talk Financial Services Proprietary Limited*  5 566  —  —  — 
I Talk Holdings Proprietary Limited*  15 628  —  —  — 
T3 Telecoms SA Proprietary Limited*  7 884  —  —  — 
Wozza Airtime Proprietary Limited*  4  —  —  — 
Dividends received from related parties             
Utilities World Proprietary Limited*  61  5 885  —  — 
Interest received from related parties             
Cell C Limited and its related entities*  317 235  —  —  — 
Blue Train Proprietary Limited*  283  103  —  — 
I Talk Holdings Proprietary Limited*  2 783  910  —  — 
Mobile Macs Proprietary Limited*  172  —  —  — 
T3 Telecoms SA Proprietary Limited*  1 301  1 470  —    
Utilities World Proprietary Limited*  1 710  2 237  —  — 
Wozza Airtime Proprietary Limited*  509  25  —  — 
Finance revenue from related parties             
Cell C Limited and its related entities*  36 244  96 788  —  — 
Management fees received from related parties             
I Talk Holdings Proprietary Limited*  743  2 774  —  — 
T3 Telecoms SA Proprietary Limited*  1 121  965  —  — 
Trust Blu Foundation  —  876  —  — 
Rent received from related parties             
T3 Telecoms SA Proprietary Limited*  1 010  1 287  —  — 
Interest paid to related parties             
I Talk Holdings Proprietary Limited*  —  —  —  3 
Rent paid to related parties1             
Ellerine Bros. Proprietary Limited  —  —  10 612  9 826 
Moneyline 311 Proprietary Limited2  —  —  4 070  9 826 
Uvongo Falls No 26 Proprietary Limited2  —  —  4 780  10 228 
Social economic development             
Trust Blu Foundation  282  280  14 590  18 973 
   392 536  114 101  34 052  48 856 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.2.
1 Included in the rental payments is the unwinding of the lease liability.
2 Independent Non-Executive Director, GD Harlow, resigned on 19 October 2022. Related party disclosure, as a result of his common directorships, has been disclosed accordingly and in line with his resignation date.
   Loans to
related parties 		 Loans to
related parties 
   2023 
R'000 		 2022 
R'000 		 2023 
R'000 		 2022 
R'000 
Cell C Limited and its related entities*   2 166 240   —  —   —  
Blue Train Proprietary Limited*   5 149   4 116   —   —  
Brett Levy3  64 658  48 286  —  — 
Mark Levy3  64 658   48 286   —   —  
I Talk Financial Services Proprietary Limited*  4 000  8 000   —  — 
I Talk Holdings Proprietary Limited*  19 900  18 900  —  — 
Mobii Systems Proprietary Limited and its related entities*  4 884  —  —  — 
Mobile Macs Proprietary Limited*  5 100  —  —  — 
T3 Telecoms SA Proprietary Limited*  6 854   14 682   —   —  
Wozza Airtime Proprietary Limited*   2 338   4 078   —   —  
Total loss allowance on loans to related parties  (59 417) (1 173) —   —  
   2 284 364  145 175  —  — 
  Lease asset due from
related parties		 Lease liability due to
related parties2
  2023
R’000		 2022
R’000		 2023
R’000		 2022
R’000
Ellerine Bros. Proprietary Limited — — — 10 059
Moneyline 311 Proprietary Limited — — — 10 059
Uvongo Falls No 26 Proprietary Limited — — — 10 257
        30 375
   Amounts due from
related parties included
in trade receivables 		 Amounts due to related
parties included in trade
payables 
   2023 
R'000 		 2022 
R'000 		 2023 
R'000 		 2022 
R'000 
Blue Train Proprietary Limited*  814  1 598  1 669  1 207 
Blue Label Communications Proprietary Limited*  24  —  —  — 
Cell C Limited and its related entities*  518 031  2 612 065  308 823  851 473 
I Talk Financial Services Proprietary Limited*  3 884  1 758  1 273  626 
I Talk Holdings Proprietary Limited*  10 040  10 031  6 149  3 123 
I Talk 2U Proprietary Limited*  —  21  —  — 
i-Crypto Incorporated*  1 088  420  —  — 
Mobii Systems Proprietary Limited and its related entities*  440  120  —  419 
Mobile Macs Proprietary Limited*  84  —  —  — 
Oxigen Services India Private Limited*#  5 876  5 876  —  — 
T3 Telecoms SA Proprietary Limited*  11 097  9 687  96  — 
Utilities World Proprietary Limited*  591  2 864  1 489  646 
Uvongo Falls No 26 Proprietary Limited  —  —  6  525 
Wozza Airtime Proprietary Limited*  38     25  — 
Total loss allowance on trade receivables to related parties  (8 422) (32 575) —  — 
   543 585  2 611 865  319 530  858 019 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.2.
# This amount has been fully provided for both in the current and prior year and is included as part of the total loss allowance.
2 ndependent Non-Executive Director, GD Harlow, resigned on 19 October 2022. Related party disclosure, as a result of his common directorships, has been disclosed accordingly and in line with his resignation date.
3 Refer to note 3.5 for details on the surety loans.
   Amounts due from
related parties included
in other receivables 		 Amounts due to related
parties included in other
payables 
   2023 
R'000 		 2022 
R'000 		 2023 
R'000 		 2022 
R'000 
Cell C Limited and its related entities*  161 173  —  —  — 
Blue Train Proprietary Limited*  —  —  —  854 
T3 Telecoms SA Proprietary Limited*  78  —  —  — 
TPC trade claim (included in sundry receivables)#  53 375  —  —  — 
Utilities World Proprietary Limited*  13 750  21 335  —  — 
Total loss allowance on other receivables to             
related parties  (53 375) —  —  — 
   175 001  21 335  —  854 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.2.
# This amount has been fully provided for both in the current year and is included as part of the total loss allowance.

Certain related party disclosure is required as a result of common directorships.

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.