Related parties
Significant related-party transactions and balances
| Sales to related parties |
Purchases from related parties |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| Cell C Limited* | 1 395 521 | 2 030 623 | 3 305 045 | 6 203 272 |
|---|---|---|---|---|
| Prepaid24 Proprietary Limited* | 12 292 | 9 136 | – | – |
| T3 Telecoms SA Proprietary Limited* | 43 923 | 38 | 26 492 | 31 312 |
| United Call Centre Solutions Proprietary Limited* | 13 938 | 13 854 | 17 303 | 25 647 |
| Other income received from related parties |
Other expenses paid to related parties |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| Finance revenue from related parties | ||||
| Cell C Limited* | 108 084 | 141 841 | – | – |
| Loans to related parties |
Loans from related parties |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| 2DFine Holdings Mauritius*# | 249 513 | 205 240 | – | – |
| Oxigen Services India Private Limited*# | 57 248 | 47 216 | – | – |
| Brett Levy | 52 415 | 42 502 | – | – |
| Mark Levy | 52 415 | 42 502 | – | – |
| T3 Telecoms SA Proprietary Limited* | 9 053 | 3 685 | – | – |
| Total loss allowance on loans to related parties | (315 985) | (269 168) | – | – |
| Guarantees given to related parties |
Guarantees received from related parties |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| Oxigen Services India Private Limited* | 87 603 | 73 450 | – | – |
| Lease asset due from related parties |
Lease liability due to related parties1 |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| Ellerine Bros. Proprietary Limited | – | – | 25 297 | – |
| Moneyline 311 Proprietary Limited | – | – | 25 297 | – |
| Uvongo Falls No 26 Proprietary Limited | – | – | 27 168 | – |
| Amounts due from related parties included in trade receivables |
Amounts due to related parties included in trade payables |
|||
| 2020 R'000 |
2019 R'000 |
2020 R'000 |
2019 R'000 |
|
| Cell C Limited* | 1 266 899 | 1 352 718 | 488 917 | 1 212 392 |
| Oxigen Services India Private Limited* | 5 876 | 5 876 | – | – |
| Total loss allowance on trade receivables to related parties | (10 995) | (8 521) | – | – |
* These entities are associates/joint ventures.
# These loans have been fully provided for both in the current and prior year and are included as part of the total loss allowance.
1 In terms of IFRS 16, this lease liability is required to be disclosed.