COMPANY COMMENT: MTN undeterred by Blue Label’s Cell C plan
As a former board member at Blue Label, MTN’s CEO Mteto Nyati has an insider’s perspective
MTN has thrown its weight behind Blue Label, despite the listed electronic distribution company’s plans to buy a stake in its competitor Cell C.Blue Label clearly understands the market and Vodacom knows this. At worst, Vodacom might scale back the scope of the business it gives to Blue Label. While Vodacom might not like it, it does not seem to have much choice in the matter for the moment.Go Life, the small pharmaceutical grade nutrient (nutraceutical) company with a primary listing in Mauritius, has attracted very little investor interest since securing a secondary listing on the JSE in 2016. But there’s no doubt that a riveting cautionary notice released this week will raise a few eyebrows. It seems there was quite a bit of consternation after a report on a petition by Eversheds — which appears to be a law firm — to the Bankruptcy Division of the Supreme Court of Mauritius for the winding up of the company in early February.On Thursday, Go Life advised that the amount in dispute...
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