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…
Blue Label Telecoms currently owns 49.5% of Cell C and is seeking final regulatory approval to buy an additional 4.04% stake. (Photograph by Lesley Moyo) Blue Label Telecoms has started making plans to exit Cell C through a separate JSE listing, in a complex restructuring that could result in both companies being debt-free. This morning,…
Cell C’s largest shareholder, Blue Label Telecoms, on Monday announced that an agreement has been reached on a major restructuring involving the mobile operator ahead of its likely (but still not confirmed) listing on the JSE in 2026. “The pre-listing restructuring encompasses various transactions aimed at optimising Cell C’s capital structure and balance sheet in…
The Competition Tribunal has given the green light to a transaction that should help advance a proposed plan to list Cell C on the JSE. The regulator on Thursday said it has given its blessing, without conditions, to a transaction that will see Cell C buying back its contract customer base from its largest shareholder,…
Blue Label Telecoms is exploring a JSE debut for Cell C as part of a broader restructuring plan. (Photograph by Lesley Moyo) The proposed separate listing of Cell C, South Africa’s fourth-largest mobile operator, on the Johannesburg Stock Exchange (JSE) could mark a pivotal moment for the debt-laden telco. It has potential to cut its…
Shenzhen Transsion Holdings, the biggest seller of mobile phones in Africa, is weighing a second listing in Hong Kong, according to people with knowledge of the matter. Transsion is in talks with advisers about an offering that could raise about US$1-billion, though the exact size, as well as timing, hasn’t been determined, the people said,…
