Notes to the Company Annual Financial Statements | Note 21

21. RELATED PARTIES
  Accounting policy
  A related party is a person or an entity that is related to the reporting entity:
  • A person or a close member of that person's family is related to a reporting entity if that person has control, joint control, or significant influence over the entity or is a member of its key management personnel.
  • An entity is related to a reporting entity if, among other circumstances, it is a parent, subsidiary, fellow subsidiary, associate or joint venture of the reporting entity, or it is controlled, jointly controlled, or significantly influenced or managed by a person who is a related party.
  The Executive Directors of BLT are regarded as key management of BLT. For details of emoluments to Directors, refer to note 24.
  Accounting policy
  For details of the shareholdings in BLT, refer to the Directors’ report.
   
  Relationships
 
Subsidiaries of Blue Label Telecoms Limited  
A Connect Telecoms Proprietary Limited Glocell Distribution Proprietary Limited
Aligned Partnered Solutions Proprietary Limited Glocell Retail Solutions Proprietary Limited
Blue Label Company Proprietary Limited Gold Label Investments Proprietary Limited
Blue Label Connect Proprietary Limited Heroticket Proprietary Limited
Blue Label Data Solutions Proprietary Limited Lipa Payments Proprietary Limited
Blue Label Distribution Proprietary Limited Mobile Macs Proprietary Limited
Blue Label One Proprietary Limited One World Telecoms Proprietary Limited
Blue Label Ventures Proprietary Limited Reware Proprietary Limited
Blue Moon Asset Company Proprietary Limited Robtronics Proprietary Limited
Blu Nova Proprietary Limited Striide SA Proprietary Limited
Bluadvance Proprietary Limited The Prepaid Company Proprietary Limited
Budding Trade 1170 Proprietary Limited TicketPros Proprietary Limited
Cigicell Proprietary Limited Transaction Junction Namibia Proprietary Limited
CNS Call Centre Proprietary Limited Transaction Junction Proprietary Limited
Comm Equipment Company Proprietary Limited Ventury Group Proprietary Limited
Comm Equipment Trading Company Proprietary Limited Visual Revenue Management Proprietary Limited
Datacel Direct Proprietary Limited WiConnect Proprietary Limited
Dunoworx Proprietary Limited Wozza Airtime Proprietary Limited
Joint ventures and associates of Blue Label Telecoms Limited  
2DFine Holdings Mauritius I Talk Financial Services Proprietary Limited
Blue Label Communications Proprietary Limited I Talk Holdings Proprietary Limited
Blu Train Group Proprietary Limited T3 Telecoms SA Proprietary Limited
Cell C Limited Utilities World Proprietary Limited
I Talk 2U Proprietary Limited  
 
Related party balances
 
2024   Gross
carrying amount
R’000		 Loss
allowance
R’000		 Total
R’000
Loans to group companies (refer note 6)        
Blue Label Ventures Proprietary Limited   12 000 (1 661) 10 339
Gold Label Investments Proprietary Limited   391 150 (391 150) —
The Prepaid Company Proprietary Limited   2 644 708 (835 185) 1 809 523
    3 047 858 (1 227 996) 1 819 862
2023        
Blue Label Company Proprietary Limited   9 011 (611) 8 400
Blue Label Ventures Proprietary Limited   12 000 (1 366) 10 634
Gold Label Investments Proprietary Limited   388 372 (388 372) —
The Prepaid Company Proprietary Limited   2 209 887 (465 711) 1 744 176
    2 619 270 (856 060) 1 763 210
 
Dividends received from related parties (refer note 12)   2024
R’000		   2023
R’000
Blue Label One Limited   (20 000)   —
Ventury Group Proprietary Limited   (183 728)   —
Utilities World Proprietary Limited   —   (61)
Datacel Direct Proprietary Limited   (214 725)   (31 518)
    (418 453)   (31 579)