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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