2.

Group composition

2.4

Interest in subsidiaries, associates and joint ventures   Country   Number of issued ordinary shares   Percentage held   2016             Subsidiaries             Directly held:             Subsidiaries of Blue Label Telecoms Limited             Activi Deployment Services Proprietary Limited RSA   100   100   Africa Prepaid Services Proprietary Limited RSA   420   90   Africa Prepaid Services Nigeria Limited Nigeria   10 000 000   24.01   Blue Label Distribution Proprietary Limited RSA   100   100   Blue Label One Proprietary Limited RSA   300   100   Blu Money Proprietary Limited RSA   100   100   BLT USA Inc. USA   100   100   Budding Trade 1170 Proprietary Limited RSA   100   100   Cellfind Proprietary Limited RSA   1 000   100   Datacel Direct Proprietary Limited RSA   100   100   Gold Label Investments Proprietary Limited RSA   1 000   100   Kwikpay SA Proprietary Limited RSA   100   100   Panacea Mobile Proprietary Limited RSA   100   100   Simigenix Proprietary Limited RSA   120   100   The Prepaid Company Proprietary Limited RSA   10 000   100   The Post Paid Company Proprietary Limited RSA   200   100   TicketPros Proprietary Limited RSA   250   100   Transaction Junction Proprietary Limited RSA   120   60   Uninex Proprietary Limited RSA   100   100   Ventury Group Proprietary Limited RSA   2 000   100   Viamedia Proprietary Limited RSA   3 230 000   75   Virtual Voucher Proprietary Limited RSA   200   100   Indirectly held:             Subsidiary of The Prepaid Company Proprietary Limited             Blue Label Connect Proprietary Limited*** RSA   42 431   100   Subsidiary of Ventury Group Proprietary Limited             Cigicell Proprietary Limited RSA   100   74   Subsidiary of Africa Prepaid Services Proprietary Limited             Africa Prepaid Services Nigeria Limited Nigeria   10 000 000   51   Subsidiaries of Datacel Direct Proprietary Limited             Blue Label Call Centre Proprietary Limited RSA   300   100   CNS Call Centre Proprietary Limited RSA   1 000   100   Blue Label Data Solutions Proprietary Limited RSA   100   81   Subsidiary of Transaction Junction Proprietary Limited             Transaction Junction (Namibia) Proprietary Limited Namibia   100   100   Subsidiary of 2DFine Holdings Mauritius             2DFine Investments Mauritius Mauritius   1   100   Subsidiaries of Blue Label Mexico S.A. de C.V.             SGC Servicios Y Gestion Corporation S.A. de C.V. Mexico   500   99.8   Connecta Systems LLC USA   1 000   100   Pagacel S.A. de C.V. Mexico   500   99.8   Transipago S.A. de C.V. Mexico   500   99.8   Associates             Directly held:             Associate of Blue Label Telecoms Limited             Lornanox Proprietary Limited RSA   120   40   Indirectly held:             Associates of Gold Label Investments Proprietary Limited             Oxigen Services India Private Limited India   14 244 294   40.96   Mpower Softcomm Private Limited India   16 286   14.4*   Associate of 2DFine Investments Mauritius             Mpower Softcomm Private Limited India   16 286   14.4*   Joint ventures             Directly held:             Joint ventures of Blue Label Telecoms Limited             Blue Label Mexico S.A. de C.V. Mexico   9 200   47.56**   Banosign Proprietary Limited RSA   501   50.1**   Indirectly held:             Joint venture of Blue Label Data Solutions Proprietary Limited             Datacision Proprietary Limited RSA   100   50   Joint venture of Gold Label Investments Proprietary Limited             2DFine Holdings Mauritius Mauritius   2   50   Joint venture of 2DFine Investments Mauritius             Oxigen Services India Private Limited India   14 244 294   34.42**   Joint ventures of Viamedia Proprietary Limited             SupaPesa Africa Limited Mauritius   100   50   Supa Pesa South Africa Proprietary Limited RSA   200   50   * Significant influence is demonstrated by the Company as a result of representation on the Board of Directors. ** Joint control is demonstrated by the composition of and decision-making powers afforded to the Board of Directors. *** Formerly known as Retail Mobile Credit Specialists Proprietary Limited. 2015             Subsidiaries             Directly held:             Subsidiaries of Blue Label Telecoms Limited             Activi Deployment Services Proprietary Limited RSA   100   100   Africa Prepaid Services Proprietary Limited RSA   420   90   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 One Proprietary Limited RSA   300   100   Blue Label Investments Proprietary Limited RSA   1 200 000   100   Blu Money Proprietary Limited RSA   100   100   BLT USA Inc. USA   100   100   Budding Trade 1170 Proprietary Limited RSA   100   100   Cellfind Proprietary Limited RSA   1 000   100   Datacel Direct Proprietary Limited RSA   100   100   Kwikpay SA Proprietary Limited RSA   100   100   Panacea Mobile Proprietary Limited RSA   100   100   Simigenix Proprietary Limited RSA   120   100   The Prepaid Company Proprietary Limited RSA   10 000   100   The Post Paid Company Proprietary Limited RSA   200   100   TicketPros Proprietary Limited RSA   250   100   Transaction Junction Proprietary Limited RSA   120   60   Uninex Proprietary Limited RSA   100   100   Ventury Group Proprietary Limited RSA   2 000   100   Viamedia Proprietary Limited RSA   3 230 000   75   Virtual Voucher Proprietary Limited RSA   200   100   Indirectly held:             Subsidiary of Blue Label Investments Proprietary Limited             Gold Label Investments Proprietary Limited RSA   1 000   100   Subsidiary of The Prepaid Company Proprietary Limited             Retail Mobile Credit Specialists Proprietary Limited RSA   42 431   100   Subsidiary of Ventury Group Proprietary Limited             Cigicell Proprietary Limited RSA   100   74   Subsidiary of Africa Prepaid Services Proprietary Limited             Africa Prepaid Services Nigeria Limited Nigeria   10 000 000   51   Subsidiaries of Datacel Direct Proprietary Limited             Blue Label Call Centre Proprietary Limited RSA   300   100   CNS Call Centre Proprietary Limited RSA   1 000   100   Velociti Proprietary Limited RSA   1 000   100   Blue Label Data Solutions Proprietary Limited RSA   100   81   Subsidiary of 2DFine Holdings Mauritius             2DFine Investments Mauritius Mauritius   1   100   Subsidiaries of Blue Label Mexico S.A. de C.V.             SGC Servicios Y Gestion Corporation S.A. de C.V. Mexico   500   99.8   Connecta Systems LLC USA   1 000   100   Pagacel S.A. de C.V. Mexico   500   99.8   Transipago S.A. de C.V. Mexico   500   99.8   Associates             Directly held:             Associate of Blue Label Telecoms Limited             Lornanox Proprietary Limited RSA   120   40   Indirectly held:             Associates of Gold Label Investments Proprietary Limited             Oxigen Services India Private Limited India   14 244 294   37.22   Mpower Softcomm Private Limited India   16 286   14.4*   Associate of Blue Label Data Solutions Proprietary Limited             Forensic Intelligence Data Solutions Proprietary Limited RSA   100   25   Associate of 2DFine Investments Mauritius             Mpower Softcomm Private Limited India   16 286   14.4*   Joint ventures             Directly held:             Joint venture of Blue Label Telecoms Limited             Blue Label Mexico S.A. de C.V. Mexico   9 200   46.64**   Indirectly held:             Joint venture of Blue Label Data Solutions Proprietary Limited             Datacision Proprietary Limited RSA   100   50   Joint venture of Gold Label Investments Proprietary Limited             2DFine Holdings Mauritius Mauritius   2   50   Joint venture of 2DFine Investments Mauritius             Oxigen Services India Private Limited India   14 244 294   37.22**   Joint ventures of Viamedia Proprietary Limited             SupaPesa Africa Limited Mauritius   100   50   Supa Pesa South Africa Proprietary Limited RSA   200   50   * Significant influence is demonstrated by the Company as a result of representation on the Board of Directors. ** Joint control is demonstrated by the composition of and decision-making powers afforded to the Board of Directors.