Notes to the Company financial statements | Note 4
for the year ended 31 December 2010

        December
2010
Rm		     December
2009
Rm		  
4.   INVESTMENT IN SUBSIDIARIES            
    Mobile Telephone Networks Holdings (Proprietary) Limited   22 173     22 173  
    Loan owing by subsidiary**   1 478     1 480  
    Net interest in subsidiary Mobile Telephone Networks Holdings   23 651     23 653  
    MTN Group Management Services (Proprietary) Limited   *     *  
    Loan owing by subsidiary   57     54  
    Net interest in MTN Group Management Services   57     54  
    Total interest in subsidiary companies   23 708     23 707  
    *   Amounts less than R1 million.            
    ** This loan account has been subordinated in favour of certain of the Group’s lenders. This loan bears no interest and there are no            
        fixed terms of repayment.