NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 30

30. Related party transactions

For details of subsidiaries, associates and joint ventures, refer to note 34. 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, WBS Holdings Proprietary Limited, iBurst 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.

For details on directors’ emoluments refer to note 31.

The following transactions were carried out with related parties and all relate to continued operations:

 

        2013
R’000		   2012
R’000		  
  Sales to related parties            
  BSC Technologies Proprietary Limited     613   1 112  
  Bela Phone Company Proprietary Limited     59   82  
  Blue Label Mexico S.A. de C.V.     5 255   2 161  
  iBurst Proprietary Limited     815   —  
  Smart Voucher Limited trading as Ukash     32   514  
  Stylco Proprietary Limited     11 094   —  
  ZOK Cellular Proprietary Limited     4 090   5 214  
  Purchases from related parties            
  AloeCap Proprietary Limited     —   1 238  
  Bela Phone Company Proprietary Limited     245   496  
  Black Ginger 59 Proprietary Limited     3 072   6 780  
  Brett Levy     —   525  
  BSC Technologies Proprietary Limited     8 833   1 339  
  Demtrade 11 Proprietary Limited     —   13  
  PLL Investments Proprietary Limited     11   —  
  Smart Voucher Limited trading as Ukash     1 034   16 205  
  Stylco Proprietary Limited     3 692   102  
  Wildekrans Wine Estate Proprietary Limited     16   6  
  ZOK Cellular Proprietary Limited     52 398   68 466  
  Interest received from related parties            
  2DFine Holdings Mauritius     8 575   1 213  
  Blue Label Mexico S.A. de C.V     576   431  
  Demtrade 11 Proprietary Limited     —   12  
  Management fees received from related parties            
  Bela Phone Company Proprietary Limited     —   100  
  Blue Label Mexico S.A. de C.V.     520   458  
  Datacision Proprietary Limited     —   404  
  Management fees paid to related parties            
  BSC Technologies Proprietary Limited     122   —  
  Rent paid to related parties            
  Ellerine Bros. Proprietary Limited     5 631   5 096  
  Dataforce Trading 240 Proprietary Limited     2 560   1 383  
  Moneyline 311 Proprietary Limited     5 631   5 096  
  PLL Investments Proprietary Limited     2 143   2 472  
  Dividends received from related parties            
  Demtrade 11 Proprietary Limited     —   453  
  Loans to related parties            
  2DFine Holdings Mauritius* (refer to note 6)     108 798   83 890  
  Bela Phone Company Proprietary Limited (refer to note 6)     —   2 260  
  Blue Label Mexico S.A. de C.V. (refer to note 6)     —   27 829  
  Oxigen Services India Private Limited (refer to note 6)     18 643   18 643  
  ZOK Cellular Proprietary Limited (refer to note 7)     19 582   23 148  
  Amounts due from related parties included in trade receivables            
  Bela Phone Company Proprietary Limited     —   331  
  Black Ginger 59 Proprietary Limited     2 184   749  
  Blue Label Mexico S.A. de C.V.     9 423   2 745  
  BSC Technologies Proprietary Limited     20   112  
  Datacision Proprietary Limited     —   2 212  
  iBurst Proprietary Limited     1 820   1 397  
  PLL Investments Proprietary Limited     27   —  
  Stylco Proprietary Limited     960   —  
  ZOK Cellular Proprietary Limited     2   —  
        14 436   7 546  
  Amounts due to related parties included in trade payables            
  Bela Phone Company Proprietary Limited     —   1 460  
  Black Ginger 59 Proprietary Limited     117   1 07  
  BSC Technologies Proprietary Limited     22   28  
  Smart Voucher Limited trading as Ukash     386   658  
        525   3 216  
 
* B Levy and M Levy have signed personal sureties for the loan owing by 2DFine Holdings Mauritius to Gold Label Investments Proprietary Limited. Their liability is limited to the difference between the sum of 50% of the loan owing and the value of 18.61% of the shares in Oxigen Services India (Private) Limited on the 30th day after which the loan becomes due and payable or extended date as may be agreed in writing by Gold Label Investments Proprietary Limited.

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 30