Significant related-party transactions and balances
| 2021 R’000 |
2020 R’000 |
2021 R’000 |
2020 R’000 |
||||||
| Sales to related parties |
Purchases from related parties |
||||||||
| Cell C Limited and its related entities* | 1 729 573 | 1 395 521 | 4 275 098 | 3 305 045 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Prepaid24 Proprietary Limited*1 | 8 832 | 12 292 | – | – | |||||
| T3 Telecoms SA Proprietary Limited* | 3 394 108 | 43 923 | 14 154 | 26 492 | |||||
| I Talk Holdings Proprietary Limited*2 | 23 756 | 13 938 | 12 935 | 17 303 | |||||
| Income received from related parties |
Expenses paid to related parties |
||||||||
| Dividends received from related parties | |||||||||
| I Talk Holdings Proprietary Limited*2 | 14 000 | 5 000 | – | – | |||||
| Finance revenue from related parties | |||||||||
| Cell C Limited and its related entities* | 95 951 | 108 084 | – | – | |||||
| Loans to related parties |
Loans from related parties |
||||||||
| 2DFine Holdings Mauritius*# | 196 513 | 249 513 | – | – | |||||
| Oxigen Services India Private Limited*# | 45 908 | 57 248 | – | – | |||||
| Brett Levy | 41 857 | 52 415 | – | – | |||||
| Mark Levy | 41 857 | 52 415 | – | – | |||||
| T3 Telecoms SA Proprietary Limited* | 15 016 | 9 053 | – | – | |||||
| Total loss allowance on loans to related parties | (247 992) | (315 985) | – | – | |||||
| Guarantees given to related parties |
Guarantees received from related parties |
||||||||
| Oxigen Services India Private Limited* | – | 87 603 | – | – | |||||
| Lease asset due from related parties |
Lease liability due to related parties |
||||||||
| Ellerine Bros. Proprietary Limited | – | – | 18 419 | 25 297 | |||||
| Moneyline 311 Proprietary Limited | – | – | 18 419 | 25 297 | |||||
| Uvongo Falls No 26 Proprietary Limited | – | – | 18 859 | 27 168 | |||||
| Amounts due from related parties included in trade receivables |
Amounts due to related parties included in trade payables |
||||||||
| Cell C Limited and its related entities* | 1 677 193 | 1 266 899 | 456 902 | 488 917 | |||||
| Oxigen Services India Private Limited* | – | 5 876 | – | – | |||||
| Total loss allowance on trade receivables to related parties | (5 055) | (10 995) | – | – | |||||
| * | These entities are associates/joint ventures. |
| # | These loans and receivables have been fully provided for both in the current and prior year and are included as part of the total loss allowance. |
| 1 | Prepaid24 Proprietary Limited was disposed of during the year. Transactions are disclosed up until the date of sale. |
| 2 | I Talk Holdings Proprietary Limited was previously named United Call Centre Solutions Proprietary Limited. |