Notes to the Company annual financial statements | Note 4

4. Investments in associates and joint ventures
 

Accounting policy

Investments in associates and joint ventures are carried at cost less any accumulated impairment losses in the Company annual financial statements.

The following table lists all of the associates and joint ventures of the Company:

Name of company Number
of shares
issued		 %
ownership
interest
2022		 %
ownership
interest
2021		 Carrying
amount
2022
R'000		 Carrying
amount
2021
R'000
Utilities World Proprietary Limited 1 000 25.10 25.10 12 046 12 046
T3 Telecoms SA Proprietary Limited 50 50.00 50.00 — —
Blue Label Communications Proprietary Limited 100 20.00 0.00 — —
12 046 12 046

All entities listed above are incorporated in South Africa.