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BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
OPERATING
PERFORMANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
197
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
2014
R’000
2013
R’000
28.
RELATED PARTY TRANSACTIONS (continued)
Purchases from related parties
Bela Phone Company Proprietary Limited
—
245
Black Ginger 59 Proprietary Limited
12 498
10 895
Blu’s Brothers Proprietary Limited
245
—
BSC Technologies Proprietary Limited
211
8 833
PLL Investments Proprietary Limited
—
11
Smart Voucher Limited trading as Ukash
28
1 034
Stax Technologies Proprietary Limited
62
—
Stylco Proprietary Limited
3 935
3 692
Wildekrans Wine Estate Proprietary Limited
5
16
Wireless Business Solutions Proprietary Limited
16 593
—
ZOK Cellular Proprietary Limited
62 947
52 398
Purchases of goods and services from related parties are negotiated on a cost-plus
basis.
Interest received from related parties
2DFine Holdings Mauritius (refer to note 6)
11 795
8 575
Blue Label Mexico S.A. de C.V (refer to note 6)
1 017
576
Interest rates are per contractual agreement.
Management fees received from related parties
Blue Label Mexico S.A. de C.V.
250
520
Datacision Proprietary Limited
387
252
Forensic Intelligence Data Solutions Proprietary Limited
270
—
Management fees received are per contractual agreement based on the fair value of
services provided.
Management fees paid to related parties
BSC Technologies Proprietary Limited
—
122
Management fees paid are per contractual agreement based on the fair value of
services received.