CEOs Brett and Mark Levy each earned R33-million, down 12%, as bonuses fell short of target.
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Sites, grid connections and power-purchase agreements are in place for 180MW, but nothing is generating yet.
R46.2-billion of prepaid electricity moved through the group in the year to May, up 4%. The commission it earned fell 13%.
Blu Label wants to help municipalities find billions in lost electricity revenue – and keep a cut of the monies recovered.
BluEnergy Trading has been granted a multi-year energy trading licence, allowing it to buy and sell power.
Blue Label Telecoms, which is in the process of taking control of Cell C, has announced plans to change its name.
The leaders of these companies have the responsibility to navigate tough economic conditions and a rapidly changing technological landscape while attempting to maximise value for shareholders.
Brett and Mark Levy will have to cough up tens of millions of rand each after Blue Label’s plans to expand in India went awry.
Presenting a selection of some of the best episodes from the TechCentral Show in the past year…
Blue Label Telecoms, which is seeking control of Cell C, plans to bring in a new strategic investor into the mobile operator.