INTEGRATED ANNUAL
REPORT 2020

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Notes to the consolidated financial statements

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53.

SUBSIDIARY COMPANIES

The following information relates to the company’s financial interest in its principal subsidiaries:

Issued share capital Effective holding Shares at cost,
net of impairment
Subsidiary 2020
Rm		 2019
Rm		 2020
%		 2019
%		 2020
Rm		 2019
Rm
Direct shareholding
Southern Sun Hotel Interests (Pty) Ltd 1 061 1 061 100 100 2 713 2 713
Hospitality Property Fund Limited 578 578 59 59 4 050 5 224
Majormatic 194 (Pty) Ltd * * 100 100 11 15
Elsivert (Pty) Ltd * * 100 100 75 75
Southern Sun Offshore (Pty) Ltd * * 100 100 1 534 1 923
Indirect shareholding
Southern Sun Middle East Investment
Holdings (Pty) Limited * * 100 100 * *
Southern Sun Africa Limited * * 100 100 397 397
Ikoyi Hotels Limited 3 3 76 76 – –
Lavado Holding BV * * 100 100 2 2
Reshub (Pty) Ltd * * 100 100 * *
8 782 10 350

* Amount less than R1 million.

The group comprises a large number of companies. The list above only includes those subsidiary undertakings which materially affect the profit or net assets of the group, or a business segment, together with the principal intermediate holding companies of the group. In addition to the abovementioned subsidiaries, the company has interests in other indirectly held subsidiaries. A register detailing such information in respect of all subsidiaries of the company is available for inspection at the registered office of the company, which may be inspected by members or their duly authorised agents.

All of the above subsidiaries are unlisted.

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