2.1 Wiztech Ltd owns

1. 80% of shares in Block Ltd

2. 30 % of shares in Ancient Mines Ltd

3. 5% of Shares in Jabulani Industrial Clothing Ltd, and by

virtue of a contractual agreement has the right to appoint 7 out of 10 directors to the board of the company.

Block Ltd owns

1. 48% of shares in Siren Ltd

2. 70% of shares in Firetrucking Ltd

3. 4% of shares in Wiztech Ltd

4. 45% of shares in Ancient Mines Ltd.

2.1.1 Indicate Wiztech Ltd susidiaries. Give a full explanation for your answer.

(8x1/2=4)

2.1.2 Block Ltd wants to buy 7% of shares in Wiztech Ltd, is this

possible. Explain.