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
  2024
R'000		 2023
R'000		 2024
R'000		 2023
R'000
Blu Train Proprietary Limited* 1 203 1 845 64 325 75 005
Blue Label Communications Proprietary Limited* 165 146 — —
Cell C Limited and its related entities* 4 688 906 5 354 565 5 693 042 7 035 401
I Talk Financial Services Proprietary Limited* 4 110 2 793 8 198 5 419
I Talk Holdings Proprietary Limited* 20 652 30 936 13 045 42 588
i-Crypto Incorporated* — 1 018 — —
Mobii Systems Proprietary Limited and its related entities* 308 480 — —
Moneyline 311 Proprietary Limited1 — — — 1 720
T3 Telecoms SA Proprietary Limited* 415 935 2 232 603 29 631 30 150
Utilities World Proprietary Limited* 3 593 8 532 9 241 8 054
Uvongo Falls No 26 Proprietary Limited1 — — — 926
Wozza Airtime Proprietary Limited* 27 33 — —
  5 134 899 7 632 951 5 817 482 7 199 263
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.1.
1 In the prior year, 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 
   2024 
R'000 		 2023 
R'000 		 2024 
R'000 		 2023 
R'000 
Other income received from related parties             
I Talk Financial Services Proprietary Limited*  11 862  6 305  —  — 
I Talk Holdings Proprietary Limited*  964  18 072  —  — 
T3 Telecoms SA Proprietary Limited*  15 686  8 742  —  — 
Wozza Airtime Proprietary Limited*  3  22  —  — 
Dividends received from related parties             
Utilities World Proprietary Limited*  —  61  —  — 
Interest received from related parties             
Blu Train Proprietary Limited*  899  283  —  — 
Cell C Limited and its related entities*  826 5602 317 235  —  — 
I Talk Holdings Proprietary Limited*  2 648  2 783  —  — 
Mobile Macs Proprietary Limited*  1 541  172  —  — 
T3 Telecoms SA Proprietary Limited*  751  1 301  —  — 
Utilities World Proprietary Limited*  12 739  1 710  —  — 
Wozza Airtime Proprietary Limited*  —  509  —    
Finance revenue from related parties             
Cell C Limited and its related entities*  —  36 244  —  — 
Management fees received from related parties             
Blu Train Proprietary Limited*  126  —  —  — 
I Talk Holdings Proprietary Limited*  —  743  —  — 
T3 Telecoms SA Proprietary Limited*  850  1 121  —  — 
Rent received from related parties             
T3 Telecoms SA Proprietary Limited*  2 775  1 915  —  — 
Rent paid to related parties             
Ellerine Bros. Proprietary Limited3  —  —  —  10 612 
Moneyline 311 Proprietary Limited1  —  —  —  4 070 
Uvongo Falls No 26 Proprietary Limited1  —  —  —  4 780 
Social economic development             
Trust Blu Foundation  —  282  11 625  14 590 
   877 404  397 500  11 625  34 052 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.1.
1 In the prior year, 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.
2 Includes interest received on loans receivable and trade accounts.
3 Non-Executive Director, KM Ellerine, resigned on 5 June 2023. 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 
   2024 
R'000 		 2023 
R'000 
Blu Train Proprietary Limited*  13 231  5 149 
Brett Levy4  65 935  64 658 
Cell C Limited and its related entities*  2 535 535  2 166 240 
I Talk Financial Services Proprietary Limited*  4 000  4 000 
I Talk Holdings Proprietary Limited*  19 900  19 900 
Mark Levy4  65 935  64 658 
Mobii Systems Proprietary Limited and its related entities*  4 884  4 884 
Mobile Macs Proprietary Limited*  13 900  5 100 
T3 Telecoms SA Proprietary Limited*  704  6 854 
Wozza Airtime Proprietary Limited*  2 338  2 338 
Total loss allowance on loans to related parties  (181 471) (59 417)
   2 544 891  2 284 364 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.1.
4 Refer to note 3.5 for details on the surety loans.


   Amounts due from related parties included in trade receivables  Amounts due to related parties included in trade payables 
   2024 
R'000 		 2023 
R'000 		 2024 
R'000 		 2023 
R'000 
Blu Train Proprietary Limited*  189  814  13 656  1 669 
Blue Label Communications Proprietary  Limited*  14  24  483  — 
Cell C Limited and its related entities*  499 267  518 031  387 453  308 823 
I Talk Financial Services Proprietary Limited*  3 902  3 884  500  1 273 
I Talk Holdings Proprietary Limited*  7 272  10 040  1 698  6 149 
i-Crypto Incorporated*  —  1 088  —  — 
Mobii Systems Proprietary Limited and its related entities*  —  440  60  — 
Mobile Macs Proprietary Limited*  1 110  84  —  — 
Oxigen Services India Private Limited*#  5 876  5 876  —  — 
T3 Telecoms SA Proprietary Limited*  9 147  11 097  8 263  96 
Utilities World Proprietary Limited*  329  591  2 022  1 489 
Uvongo Falls No 26 Proprietary Limited  —  —  —  6 
Wozza Airtime Proprietary Limited*  —  38  —  25 
Total loss allowance on trade receivables to related parties  (8 384) (8 422) —  — 
   518 722  543 585  414 135  319 530 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.1.
# This amount has been fully provided for both in the current and prior year and is included as part of the total loss allowance.


   Amounts due from related parties included in other receivables  Amounts due to related parties included in other payables 
   2024 
R'000 		 2023 
R'000 		 2024 
R'000 		 2023 
R'000 
Cell C Limited and its related entities*  108 963  161 173  —  — 
T3 Telecoms SA Proprietary Limited*  4 880  78  4 068  — 
Cell C Limited – trade claim (included in sundry receivables)#  53 375  53 375  —  — 
Utilities World Proprietary Limited*  —  13 750  —  — 
Total loss allowance on other receivables to related parties  (53 375) (53 375) —  — 
   113 843  175 001  4 068  — 
* These entities are associates/joint ventures. For further details in this regard, refer to note 2.1.1.
# This amount has been fully provided for both in the current and prior 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.