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Equity-Accounted Investments And Other Long-Term Assets (Tables)
3 Months Ended
Sep. 30, 2025
Ownership Percentage Of Equity-Accounted Investments
September 30,
June 30,
2025
2025
Sandulela Technology
(Pty) Ltd (“Sandulela”)
49.0
%
49.0
%
SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”)
50.0
%
50.0
%
Summary Of Other Long-Term Asset
September 30,
June 30,
2025
2025
Investment in
5
% of Cell C (June 30, 2025:
5
%) at fair value (Note 5)
-
-
Investment in
87.5
% of CPS (June 30, 2025:
87.5
%) at fair value
(1)(2)
-
-
Policy holder assets under investment contracts (Note 8)
130
125
Reinsurance assets under insurance contracts (Note 8)
2,055
1,837
Other long-term assets
1,835
1,847
Total other long-term
assets
$
4,020
$
3,809
(1)
The
Company
determined
that
CPS
does
not
have
a
readily
determinable
fair
value
and
therefore
elected
to
record
its
investment at
cost minus
impairment, if
any,
plus or
minus changes
resulting from
observable price
changes in
orderly transactions
for the identical or a similar investment of the same issuer.
(2) On October 16, 2020,
the High Court of
South Africa, Gauteng Division, Pretoria
ordered that CPS be
placed into liquidation.
Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments
Cost basis
Unrealized
holding
Unrealized
holding
Carrying
gains
losses
value
Equity securities:
Investment in CPS
$
-
$
-
$
-
$
-
Total
$
-
$
-
$
-
$
-
Cost basis
Unrealized
holding
Unrealized
holding
Carrying
gains
losses
value
Equity securities:
Investment in CPS
$
-
$
-
$
-
$
-
Held to maturity:
Investment in Cedar Cellular notes
-
-
-
-