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.
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
South Africa’s Tech and Telecom Sector Sees Major Shifts in AI, Cloud and Mobile Investments
In this week's tech news roundup on ITWeb, These are the news making headlines on ITWeb this week: Firstly, Blu Label Unlimited revealed plans to significantly reduce its majority stake in Cell C, marking a major strategic shift for one of South Africa’s biggest telecom investors. Meanwhile, fintech group Lesaka reported strong growth in its consumer division, driven largely by SASSA grant beneficiaries, with revenue and EBITDA showing substantial increases.
A 1973 companies law section is applicable to a modern prepaid virtual products distribution model, the Supreme Court of Appeal finds.
The company layers AI onto its data lakes to drive sales, improve customer experience and generate insurance leads.
The company pins future earnings growth on Cigicell’s revenue assurance model, which aims to help municipalities recover electricity revenue.
Blu Label Unlimited declares an interim dividend of 43.56c for the six months to November, on the back of a solid financial position.
The company warns of a sharp earnings per share decline after recognising a R5.2 billion loss linked to Cell C’s listing.
BluEnergy has been granted a multi-year energy trading licence by the National Energy Regulator of South Africa.
The mobile operator’s maiden results show solid execution, with data-driven growth and prepaid subscriber gains.
Cell C is determined it will not make the same mistakes as Virgin Mobile and Red Bull Mobile did, says CEO Jorge Mendes.
The CEOs of MTN, Vodacom, Telkom and Blu Label Unlimited earned a combined R224.9 million in the most recent fiscal year.