Annual Financial Statements > Company schedule of investments
Direct subsidiaries and investments in joint ventures
         
  Issued
share capital
% held Investment value Net indebtedness
due by/(to)
companies
  2009  
Rm  
2008  
Rm  
2009   2008   2009  
Rm  
2008  
Rm  
2009  
Rm  
2008  
Rm  
Aveng Australia Holdings Pty Limited 730,9   730,9   100   100   768,8   768,8      
Aveng Management Company
(Pty) Limited (Dormant)
    100   100       (102,0)  (102,0) 
Grinaker-LTA Properties (Pty) Limited     75   75          
Grinaker-LTA Intellectual Property
(Pty) Limited
    100   100   15,0   15,0      
Aveng (Africa) Limited 28,7   28,7   75   75   1 058,1   1 058,1   521,9   2,3  
Qakazana Investment Holdings
(Pty) Limited
0,1   0,1         496,0   496,0   204,4   172,3  
Richtrau No 191 (Pty) Limited     100   100       6,1   6,1  
Steelmetals (Pty) Limited 1,6   1,6   100   100   3,9   3,9   (47,7)  13,2  
Trident Steel Holdings (Pty) Limited     75   75   0,4   0,4   (910,0)  (909,9) 
Aveng Limited Share Purchase Trust             (39,8)  (21,7) 
          2 342,2   2 342,2   (367,1)  (839,7) 


Interest bearing loans bear interest at commercial rates. These loans have no fixed terms of repayment and it is the directors intention not to settle them within the next 12 months.

The above entities are incorporated in the Republic of South Africa, with the exception of Aveng Australia Holdings Pty Limited which is incorporated in Australia