| (1) | Air Traffic and Navigation Services Company Limited |
| (2) | Airports Company of South Africa Limited |
| (4) | Armaments Corporation of South Africa Limited |
| (5) | Broadband Infrastructure Limited |
| (8) | Development Bank of Southern Africa |
| (10) | Independent Development Trust |
| (11) | Industrial Development Corporation of South Africa Limited |
| (12) | Land and Agricultural Development Bank of South Africa |
| (13) | South African Airways (Pty) Limited |
| (14) | South African Broadcasting Corporation Limited |
| (15) | South African Express (Pty) Limited |
| (16) | South African Forestry Company Limited |
| (17) | South African Nuclear Energy Corporation Limited |
| (18) | South African Post Office Limited |
| (20) | Trans-Caledon Tunnel Authority |
All subsidiaries of the above major public entities