Cell C is set to list on the JSE on 27 November. (Photograph by Nicola Mawson) Cell C is on track to debut on the JSE – which ITWeb understands will be next Thursday – as planned, despite a legal challenge of a 2024 approval of a change in majority ownership. The network operator’s former…
Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range and knocking roughly R1-billion to R3-billion off its hoped-for valuation. In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder, said it has approved a final…
Luxury Italian brand Prada still plans to become a dual-listed company but won’t commit until its listing date is “six months away,” the firm’s CFO Andrea Bonini told CNBC’s Charlotte Reed in an exclusive interview. Speculation about a possible dual listing, with the group currently listed on the Hong Kong Stock Exchange, has persisted since…
Cell C Holdings has officially announced its intention to list its ordinary shares on the Johannesburg Stock Exchange (JSE), a strategic move the mobile operator says will streamline its balance sheet, simplify a historically complex structure, and support its next phase of growth. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Supersonic plane takes flight!…
Cell C CEO Jorge Mendes. (Photograph by Nicola Mawson) Blu Label Unlimited, formerly Blue Label, has officially confirmed to shareholders that Cell C will be listing as a separate entity on the JSE, simultaneously creating an empowerment vehicle worth R2.4 billion. Cell C is expected to list towards the end of the year, ITWeb sources…
Cell C Holdings has announced its intention to list on the JSE, a move the mobile operator said will streamline its balance sheet, elevate its brand and support its next phase of growth. The listing announcement, which had been expected, said all of Cell C’s issued ordinary shares will be admitted to trading on the…
FirstRand CEO Mary Vilakazi FirstRand Group has committed R4.7-billion to buy 20.1% of soon-to-be-listed multinational fintech Optasia. The deal, announced in a statement on Monday, comes as Optasia eyes a listing on the JSE at a potential valuation north of R20-billion. “This is a significant investment by FirstRand and reflects strong confidence in Optasia’s model…,”…
The Johannesburg Stock Exchange listing will help Cell C clean up its balance sheet. Cell C, South Africa’s fourth largest mobile operator, says its planned listing on the JSE will help the company get out of most of its R14 billion debt and increase its profile and credibility. This was the word from CEO Jorge…
Fintech firm Optasia has set sights on listing on the JSE. Financial technology (fintech) firm Optasia has set sights on listing on the JSE. In a statement today, the company announced it is proposing to undertake a primary issuance of approximately R1.3 billion ($75 million equivalent) to support growth, both organically and through future potential…
Blu Label Unlimited Group could pay a special dividend to its shareholders should it be successful in its planned listing of Cell C on the JSE next year. The company, which is in the process of taking control of Cell C, has given itself until the end of April 2026 to bring the mobile operator…
