28/11/2025
[IN CONVERSATION] South Africa marked a key milestone as Cell C made its debut on the Johannesburg Stock Exchange, becoming the country’s fourth-largest mobile operator and a fully independent listed entity for the first time. The stock opened at R27, slightly below its initial pricing range, giving the company a market valuation of around R9.3 billion, while CEO Jorge Mendes highlighted that listing was aimed at transparency and capital access rather than achieving a “perfect” valuation.
Mendes also outlined growth strategies including partnerships, roaming agreements, MVNO expansion, and potential mergers and acquisitions, emphasising a disruptive, customer-focused approach for the coming years.
CNBC Africa’s Rethabile Joala reports.