The downgrade of Cell C’s corporate credit rating to the junkiest of junk by S&P Global Rating is another blow to the telecommunications company’s brave ambition of reducing its crippling debt load of R20,7bn. This is the view of
Author: Ray Mahlaka
Vodacom is still prepared to negotiate with “please call me” inventor Nkosana Makate on whether to compensate him a share of revenue that the service has generated. This emerged from Vodacom’s affidavit filed on Tuesday in
It has been nearly two months since MTN Zakhele, the much-lauded black economic empowerment scheme of MTN Group, expired and several shareholders are yet to receive the proceeds from their
A fresh battle between Nkosana Makate and Vodacom is heading to the constitutional court as compensation negotiations between both parties for his “please call me” service have deadlocked. The latest court application seeks clarity on the
As MTN’s much-lauded black economic empowerment scheme Zakhele enters the final stages of its maturity, uncertainty is growing in the market about the take-up of the newly formed Zakhele Futhi by investors. MTN Zakhele Futhi was meant to be
Market watchers are not worried about the decision by mobile operator Cell C to ditch its R8,5bn planned bond placement to reduce its crippling debt load of R20,7bn. Prepaid technology specialist
Cell C is in the process of raising US$600m, or about R8,5bn, to prop up its balance sheet, given its crippling debt load of R23,6bn. The company’s management is currently on a roadshow in London to drum up support among investors, as the
It may seem that investors in MTN Zakhele, MTN’s black economic empowerment scheme, are pricing in risk given the sell-off leading up to the scheme’s expiry in November. Over the past month, the share price of
There is life after MTN Zakhele, the black economic empowerment scheme of telecommunications giant MTN, which is widely viewed to have created value for investors. On Monday, MTN announced that it will
The share price of Vodacom’s black economic empowerment scheme YeboYethu was down by nearly 5% on Thursday – with the telecommunication giant’s scheme marking its first day of trade on the JSE