The company says the Cell C write downs are behind it, with a clean balance sheet and growth plans ahead.
The company swung to a R4.9 billion full-year loss after having to write down its Cell C stake to match its listed value.
Cell C's R12.6bn Turnaround | ITWeb Tech Headlines | 17-22 August 2026
These are the stories making headlines on ITWeb this week. Cell C added 1.3 million subscribers and cut net debt by 64% in its first full year as a JSE-listed company, with group revenue climbing to R12.64 billion. Meanwhile, Standard Bank is shifting from just using AI tools to becoming a fully AI-enabled organisation, with more than 39 000 staff, 72% of its workforce, now active generative AI users.
The company targets revenue growth in the upper-single-digit range in its 2027 financial year, after growing wholesale revenue by 20% and cutting net debt by 64%.
The company expects earnings per share, headline earnings per share and core HEPS to fall by more than 20% for the year ended 31 May.
Customer frustrations include network outages, billing disputes and failed service channels, a study finds.
The HONOR 600 and HONOR 600 Pro are available across all network providers and retail partners, including MTN, Vodacom, Telkom and Cell C.
The power utility appoints the former Maziv, Cell C and Vodacom executive as group executive for its distribution division.
What was once marketed as a short-term convenience is now a lifeline for hard-pressed consumers and a lucrative revenue stream for telcos.
The majority shareholder in SA’s fourth-biggest mobile operator aims to reduce its stake to between 20% and 30% in the telco, which recently listed on the JSE.
ITWeb TV: Levy brothers on lessons learnt from Cell C investment | Episode #139
In this episode of ITWeb TV, Blu Label joint CEOs, Mark and Brett Levy reflect on building the company from car radios and prepaid vouchers to a diversified technology giant, while discussing Cell C’s turnaround, entrepreneurship, energy ambitions, leadership lessons and South Africa’s digital future. #CellC #Entrepreneurship #JSE
The company names ex-MTN boss Godfrey Motsa as chairman of its newly-constituted investment and special transactions committee.
As telcos withdraw a High Court challenge to Home Affairs’ 6 500% biometric verification fee hike, they maintain their right to challenge government decisions.
The partnership will give 500 young women the opportunity to gain skills in artificial intelligence and cloud computing.
Big Earnings, New Leaders and Digital Shifts Shape South Africa’s Tech Landscape
In this week's tech news roundup, South Africa’s tech and media landscape saw major shifts in 2025, with Vodacom CEO Shameel Joosub emerging as the country’s top-earning telecoms executive on R71 million, followed by MTN Group CEO Ralph Mupita, although full comparisons remain limited pending MTN’s latest annual report and Cell C’s first JSE disclosure. At the same time, MultiChoice is preparing to delist from local stock exchanges following Canal+’s takeover, marking the end of an era for one of South Africa’s most influential media groups. In the public sector, leadership changes were confirmed with Magatho Mello appointed as managing director of SITA and Nketheleni Norman Gidi as CEO of the Film and Publication Board, alongside new Sentech board appointments. Regulatory momentum also defined the year, as South Africa rolled out significant crypto-currency reforms and exited the FATF grey list, strengthening oversight while supporting industry growth. Looking ahead, mobile network operators reported a stron