Goot ltd holds 51% of the voting rights in Gee Ltd. Gee Ltd holds34% of the voting rights at Gii Ltd. Goot Ltd also holds 52% of the voting rights in Lee Ltd. Lee Ltd holds 17% of the voting rights in Giit Ltd. The employees of Gii Ltd seek advice on the relationship between the companies. with reference to the companies Act 71 of 2008, advise the employees of Giit Ltd on the following maters.

1.Explain to the employees of Giit what group of companies is and whether the facts provided relate to a group of companies?

2.Explain to the employees of Giit Ltd whether Giit Ltd is a subsidiary of Goot Ltd?

3.explain to the employees of Giit Ltd about the consequences of the relationship between Goot Ltd and Giit Ltd.

4 Is Giit Ltd a wholly owned subsidiary of Goot Ltd?