Cell C Lists on Johannesburg Stock Exchange to Boost Growth

South Africa’s fourth-largest mobile operator, Cell C, has announced plans to list on the Johannesburg Stock Exchange (JSE), aiming to streamline its balance sheet and drive future growth. The listing, facilitated by a private placement of shares from its majority owner, Blue Label Unlimited, through its subsidiary The Prepaid Company (TPC), is expected to raise approximately 7.7 billion rand ($445 million). This will include options for additional allocations, with a portion dedicated to supporting Black Economic Empowerment initiatives.