Cell C charts new path, but is committed to maintaining its BEE status
CEO says there is 'an unbelievable amount of opportunity in the future, and there is no doubt we will turn this company around'
04 February 2024 - 06:24
Cell C will maintain the company’s BEE status even though its long-standing black ownership stake has diminished after debt restructuring programmes over the years.
CellSAf owned 25% of Cell C when the company was formed 22 years ago, and its shareholding played a crucial role in the company securing a mobile network licence. However, over the years its ownership stake has been significantly reduced thanks to recapitalisations aimed at saving the ailing business. ..
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