Note 3


		2017 %	2016 %	2017 R’000	2016 R’000
3.	INVESTMENT IN SUBSIDIARIES
	Bidfood Limited⁽¹⁾	100	100	11	11
	Bidcorp International Limited⁽²⁾	100	100	1 254 897	1 254 897
	Bidcorp Foodservice International Limited⁽²⁾	100	100	1 440 209	1 440 209
	Bidcorp Food Mauritius Limited⁽³⁾	100	100	^#	^#
	Crown Food Ingredients Zambia Limited⁽⁴⁾	60	60	3 652	3 652
	Bidcorp Food Malawi⁽⁵⁾	60	60	2 700	2 700
	Bidcorp Food Africa Proprietary Limited	100	100	3 053 173	3 053 173
	Bidcorp Food Property Proprietary Limited	100	100	851 028	851 028
	BTW Investments Proprietary Limited	100	100	1 523 815	1 523 815
				8 129 485	8 129 485

Country of incorporation if not South Africa:

⁽¹⁾ Botswana
⁽²⁾ Isle of Man
⁽³⁾ Mauritius
⁽⁴⁾ Zambia
⁽⁵⁾ Malawi
^# Amounts below R1 000.

Investment in subsidiaries are reflected at cost less accumulated impairment losses. No impairment was identified for the current financial year (2016: Rnil).

A list of indirectly held subsidiaries is available for inspection at the registered office of the company.