Addendum A: Interest in material subsidiaries

As at 31 March
Interest in material subsidiaries

The information discloses interests in subsidiaries material to the financial position of Vodacom Group Limited. The interest in ordinary share capital is representative of the voting power except for ‘B’ ordinary shares where each share entitles the holder to two votes.

RSA – The Republic of South Africa; UK – The United Kingdom of Great Britain; LES – The Kingdom of Lesotho; TZN – The United Republic of Tanzania; MZ – The Republic of Mozambique; DRC – The Democratic Republic of Congo; MAU – The Republic of Mauritius and NGR – Federal Republic of Nigeria.

  Country of
incorporation		   Issued
share capital		   % Interest in issued
share capital		  
Rm     2017    2016   2017    2016   
Subsidiaries                     
Cellular network operators                    
Direct                    
Vodacom (Pty) Limited RSA                  
   Ordinary share capital1     R45 180   R45 180   100   100  
   ‘A’ ordinary share capital1     R2 820   R2 820   100   100  
Vodacom Tanzania Public Limited Company2 TZN                  
   Ordinary share capital2     TZS84 000 010 000   TZS84 000 010 000   82.2   82.2  
Indirect                    
Vodacom Lesotho (Pty) Limited LES                  
   Ordinary share capital     LSL4 180   LSL4 180   80.0   80.0  
VM, SA MZ                  
   Ordinary share capital     MZN1 380 000 000   MZN1 380 000 000   85.0   85.0  
   Preference share capital3     MZN3 562 334 806   MZN12 612 064 858   100   100  
Vodacom Congo (RDC) SA DRC                  
   Ordinary share capital     US$1 000 000   US$1 000 000   51.0   51.0  
Service providers                    
Interconnect service providers via satellite                    
Direct                    
Vodacom UK Limited UK                  
   ‘B’ ordinary share capital     US$1   US$1   100   100  
   Preference share capital     US$710 999 999   US$710 999 999   100   100  
Vodacom Business Africa Group Services Limited UK                  
   Ordinary share capital     £49 567 569   £49 567 569   100   100  
   Preference share capital     US$20 790 572   US$20 790 565   100   100  
Indirect                    
Vodacom UK Limited UK                  
   ‘A’ ordinary share capital     US$100   US$100   100   100  
Vodacom Business Africa (Nigeria) Limited NGR                  
   Ordinary share capital     NGN5 000 000   NGN5 000 000   100   100  
   Preference share capital     NGN9 999 028 727   NGN7 266 155 822   100   100  
Other                    
Direct                    
Vodacom International Limited MAU                  
   Ordinary share capital     US$100   US$100   100   100  
   Preference share capital     US$773 403 577   US$755 649 159   100   100  
    Notes:
  • 6.25% held indirectly through special purpose entities which are consolidated in terms of IFRS 10: Consolidated Financial Statements as part of the broad-based black economic empowerment transaction ( Note 17.1).
  • 65% (2016: 65%) held directly by Vodacom Group Limited. On 16 November 2016, Vodacom Tanzania Limited was converted from a private company to a public company, Vodacom Tanzania Public Limited Company. Refer to page 13 in the directors’ report for more details.
  • 100% (2016: 37.03%) held directly through Vodacom Group Limited.