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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

219

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS

CONTINUED

For the year ended 31 May 2014

Country

Number of

issued

ordinary

shares

Percentage

held

33.

INTEREST IN SUBSIDIARIES, ASSOCIATES AND

JOINT VENTURES (continued)

2013

Subsidiaries

Directly held:

Subsidiaries of Blue Label Telecoms Limited

Activi Deployment Services Proprietary Limited

RSA

100

100

Activi Technology Services Proprietary Limited

RSA

300

100

Africa Prepaid Services Proprietary Limited

RSA

150

72

Africa Prepaid Services Nigeria Limited

Nigeria 10 000 000

24.01

Airtime Xpress Proprietary Limited

RSA

200

100

Blue Label Distribution Proprietary Limited

RSA

100

100

Blue Label Engage Proprietary Limited

RSA

1 000

50.1

Blue Label One Proprietary Limited

RSA

300

100

Blue Label Investments Proprietary Limited

RSA 1 200 000

100

BLT USA Inc.

USA

100

100

Budding Trade 1170 Proprietary Limited

RSA

100

100

Celebia Holdings Limited

Cyprus

100

100

Cellfind Proprietary Limited

RSA

1 000

100

Datacel Direct Proprietary Limited

RSA

100

100

Kwikpay SA Proprietary Limited

RSA

100

100

Matragon Proprietary Limited

RSA

100

100

Panacea Mobile Proprietary Limited

RSA

100

51

The Prepaid Company Proprietary Limited

RSA

10 000

100

The Post Paid Company Proprietary Limited

RSA

200

100

TicketPros Proprietary Limited

RSA

250

60

Transaction Junction Proprietary Limited

RSA

120

60

Uninex Proprietary Limited

RSA

100

100

Ventury Group Proprietary Limited

RSA

2 000

100

Virtual Voucher Proprietary Limited

RSA

200

100