{"id":14579,"date":"2025-11-05T09:36:14","date_gmt":"2025-11-05T07:36:14","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/sas-cell-c-plans-listing-in-johannesburg\/"},"modified":"2026-02-27T16:27:07","modified_gmt":"2026-02-27T14:27:07","slug":"sas-cell-c-plans-listing-in-johannesburg","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-cell-c-plans-listing-in-johannesburg\/","title":{"rendered":"SA&#8217;s Cell C plans listing in Johannesburg \u00a0"},"content":{"rendered":"<p>South African (SA) mobile operator Cell C said this Wednesday it intends to list all its ordinary shares on the Johannesburg Stock Exchange through a private placement of existing shares by The Prepaid Company (TPC), a unit of Blue Label Telecoms.<\/p>\n<p>&nbsp;<\/p>\n<p>Together with the listing, TPC plans to offer Cell C shares it owns to select investors to raise about R7.7 billion ($445 million), including an overallotment option of about R500 million ($28.9 million) and an allocation of up to R2.4 billion ($139 million) to a Black Economic Empowerment vehicle, the operator said in a statement.<\/p>\n<p>&nbsp;<\/p>\n<p>Proceeds will be used to settle debt, pay dividends and fund working capital. Cell C will not receive any proceeds from the sale, it added.<\/p>\n<p>&nbsp;<\/p>\n<p>Blue Label which has been trying to dig Cell C out of debt since it bought a 45% stake in the operator in 2017, has a non-controlling stake of 49.53% in the mobile operator.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":14580,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14579","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"South African (SA) mobile operator Cell C said this Wednesday it intends to list all its ordinary shares on the JSE","published_date":"2025-11-05 11:04:50","news_description":"South African (SA) mobile operator Cell C said this Wednesday it intends to list all its ordinary shares on the JSE","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14579\/revisions"}],"predecessor-version":[{"id":19180,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14579\/revisions\/19180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14580"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14579"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}