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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
251
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
21.
RELATED PARTY TRANSACTIONS
Related party relationships
For details of subsidiaries and joint ventures, refer to note 33 in the Group notes.
For details of the Company’s directors, refer to the directors’ report.
ZOK Cellular Proprietary Limited, BSC Technologies Proprietary Limited, Black Ginger 59 Proprietary Limited,
Dataforce Trading 240 Proprietary Limited, Moneyline 311 Proprietary Limited, PLL Investments Proprietary
Limited, aloeCap Proprietary Limited, Stylco Proprietary Limited, Wildekrans Wine Estate Proprietary Limited,
Wireless Business Solutions Proprietary Limited, iBurst Proprietary Limited, Parkrun Southern Africa
Proprietary Limited, Bordelo Properties Proprietary Limited, Blu’s Brothers Proprietary Limited, Stax
Technologies Proprietary Limited, and Ellerine Bros. Proprietary Limited are related parties due to directors’
shareholdings and the companies having certain common directorships.
For details of the shareholdings in the Company, refer to the directors’ report.
Directors’ emoluments (refer to note 29 of the Group annual financial statements and remuneration report).
The following transactions were carried out with related parties:
2014
R’000
2013
R’000
Purchases from related parties
Black Ginger 59 Proprietary Limited
6 115
4 902
BSC Technologies Proprietary Limited
65
7
Cellfind SA Proprietary Limited
14
—
Stax Technologies Proprietary Limited
26
—
Stylco Proprietary Limited
—
18
The Prepaid Company Proprietary Limited
2
3
Wildekrans Wine Estate Proprietary Limited
1
13
ZOK Cellular Proprietary Limited
20
—
Interest received from related parties
Africa Prepaid Services Proprietary Limited
4 462
2 325
Africa Prepaid Services Nigeria Limited
1 273
120
2DFine Holdings Mauritius
527
—
Blue Label Mexico S.A. de C.V.
1 017
576
Management fees received from related parties
Activi Deployment Services Proprietary Limited
97
88
Blue Label Distribution Proprietary Limited
3 343
3 039
Blue Label Mexico S.A. de C.V.
250
520
Blue Label One Proprietary Limited
1 200
1 320
Cellfind SA Proprietary Limited
3 479
3 162
Cigicell Proprietary Limited
2 996
2 723
Datacel Direct Proprietary Limited
483
439
The Prepaid Company Proprietary Limited
68 000
96 000
Transaction Junction Proprietary Limited
97
88
Rent received from related parties
Black Ginger 59 Proprietary Limited
13 545
11 434