Blue Label co-CEO Mark Levy said delisting the company from the JSE will be considered if it makes sense for shareholders.
Blue Label Telecoms co-CEO Mark Levy said delisting the company from the JSE will be considered if it makes sense for shareholders.
Cell C became a significant drag on Blue Label and plummeted the share price to under R2 per share during the pandemic. “Does Cell C need more money? Will there be a cash call on Blue Label? Will investors need to put in more money?” are all questions which concern the market. During the early days of The Prepaid Company, the Levy brothers started a tradition where every time they did a deal, they would open a bottle of Johnnie Walker Blue Label, write the details of the deal on the back of the bottle and sign it. This is how the parent company Blue Label Telecoms got its name. This bottle, dated 14 November 2007, commemorates Blue Label’s listing.
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