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Significant related-party transactions and balances
| Six months ended 30 November 2025 Unaudited R'000 |
Six months ended 30 November 2024 Unaudited R'000 |
Year ended 31 May 2025 Audited R'000 |
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|---|---|---|---|---|---|
| Sales to related parties | |||||
| Blu Train Proprietary Limited | 53 341 | 1 958 | 15 039 | ||
| Cell C Limited | 7 081* | 14 034 | 31 267 | ||
| Cell C Service Provider Proprietary Limited | 896 522* | 1 937 075 | 3 933 175 | ||
| T3 Telecoms SA Proprietary Limited | 42 801 | 29 370 | 52 608 | ||
| Purchases from related parties | |||||
| Purchases substantially all included in net revenue | |||||
| Cell C Service Provider Proprietary Limited | 1 004 562* | 2 571 951 | 4 699 129 | ||
| Purchases included in other expenses | |||||
| Blu Train Proprietary Limited | 24 994 | 29 740 | 57 719 | ||
| Interest from related parties | |||||
| Cell C Service Provider Proprietary Limited | 223 607* | 421 123 | 756 789 | ||
| Loans to related parties | |||||
| Cell C Service Provider Proprietary Limited | — | 2 718 300 | 3 118 907 | ||
| Loss allowance on loans to Cell C | — | (130 441) | 127 002 | ||
| Brett Levy | 55 048 | 65 557 | 67 377 | ||
| Mark Levy | 55 048 | 65 557 | 67 377 | ||
| Amounts due from related parties included in trade receivables | |||||
| Cell C Limited | 8 460 | 6 966 | 7 999 | ||
| Cell C Service Provider Proprietary Limited | 558 | 577 549 | 734 325 | ||
| Loss allowance on trade receivables with Cell C | (170) | (1 876) | (5) | ||
| Comm Equipment Company Proprietary Limited | 58 706 | ** | ** | ||
| Amounts due to related parties included in trade payables | |||||
| Blu Label Communications Proprietary Limited | 82 613 | 6 945 | 22 345 | ||
| Cell C Service Provider Proprietary Limited | 463 015 | 455 256 | 129 730 | ||
| Amounts due from related parties included in other receivables | |||||
| Cell C Limited | — | 15 976 | — | ||
| Cell C Service Provider Proprietary Limited | — | 33 743 | — | ||
| Cell C Limited – trade claim (included in sundry receivables) | — | 53 375 | 53 375 | ||
| Loss allowance on other receivables with Cell C | — | (53 375) | (53 375) | ||
| Amounts due to related parties included in other payables | |||||
| Cell C Service Provider Proprietary Limited | — | 16 017 | 15 064 |
| * | Entities shown above are associates/joint ventures of BLU. These transactions occurred during the three months from 1 June 2025 – 31 August 2025 while Cell C was equity accounted as an associate. |
| ** | CEC was a subsidiary of BLU in prior periods. |
