Notes to the consolidated annual financial statements | Note 22

  Rm 2018   2017  
22. Business combinations        
  Aggregate net cash consideration paid        
  Shared Networks Tanzania Limited (Note 22.1)   136  
  Altron TMT (Pty) Limited (Note 22.2)   149  
      285  
22.1 Shared Networks Tanzania Limited
  During July 2016, the Group acquired 100% of the issued share capital of Shared Networks Tanzania Limited from its shareholders for a consideration of R160 million. 15% of the purchase price is reserved for future claims, warranty and indemnity. The fair value of the net identifiable assets acquired amounted to R147 million. The goodwill represents future synergies, and is allocated to the Group’s Tanzania cash-generating unit.
22.2 Altron TMT (Pty) Limited
  Effective 16 March 2016 the Group acquired its Altech Autopage customer base from Altron TMT (Pty) Limited. During the previous financial year, deferred consideration of R149 million was paid after certain conditions relating to the purchase price were met.

Notes to the consolidated annual financial statements | Note 22