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
2024		   %
ownership interest
2023		 Carrying  amount 
2024 
R’000 		   Carrying  amount 
2023 
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 —*   —*
Blu 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.