Capitec and FNB subscribers are doing more for Cell C than its own customers, its full-year results to 31 May 2026 show.
Browsing: Capitec Connect
Why 25 million retail clients and a trusted billing relationship may matter more than owning fibre in the ground.
In recent quarters, MTN South Africa’s voice revenue has fallen by 2.8%, then 8%, then 9.6%. Its latest quarter is down again.
Capitec’s premium valuation rests on three compounding bets. All three are working – but each is now under pressure.
Banking group Absa won’t confirm a launch date, a network partner or whether the MVNO is even still happening.
South Africa’s banks have built thriving mobile businesses on phone numbers and network identities they don’t control.
Vodacom CEO Shameel Joosub has compared voice’s decline to the same trajectory SMS followed into irrelevance.
Capitec Connect users now call each other for free. It’s the latest blow to a product category that once built empires.
Capitec Connect will now offer free on-net calls and consumer financing for smartphones.
Capitec Connect, a Cell C-hosted MVNO, now has 1.5 million active users and is eyeing home broadband services next.