Is it tickets for Cell C after defaulting on repayments on a R2.7-billion loan?

Cell C has defaulted on the payment of interest on a R2.7-billion loan.

This was due in December 2019, along with interest and capital repayments related to bilateral loan facilities with Nedbank, China Development Bank, the Development Bank of Southern Africa and the Industrial and Commercial Bank of China.

It's not yet tickets for them - there's a little bit of life left in this thing, but I do think it's all coming down now to planned recapitalisation they've been talking about for at least a year now.

Duncan McLeod, Author - TechCentral

I think the fact that it was late to market played a role. Vodacom and MTN had first mover advantage. Cell C also made major strategic blunders, so it's a combination of both. I don't think we should discount Telkom. We know Cell C rejected their overtures recently but if I was Telkm I'd try to get a deal done.

Duncan McLeod, Author - TechCentral

I was a bit surprised at the extent of shareholder sales in Blue Label today. The share price was down about 12% .

Duncan McLeod, Author - TechCentral

Listen to the full interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
$7 trillion could save the world but not in the way you might think

$7 trillion could save the world but not in the way you might think

A billionaire asset fund manager has told global CEO’s to focus on climate change.

Wait - why did that debit order go off so early?

Wait - why did that debit order go off so early?

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Budget 2020: The big surprise was two billion rand in tax relief

Budget 2020: The big surprise was two billion rand in tax relief

Individual tax payers are actually better off as a result of Budget 2020.

I don't remember Duduzane making any significant input in the ANC - analyst

I don't remember Duduzane making any significant input in the ANC - analyst

Political analyst Lukhona Mnguni and former ANCYL leader Andile Lungisa debate Dudzane Zuma's sudden visibility at party events.

Crime in SA: 'It is out of control and we are facing a full-scale war'

Crime in SA: 'It is out of control and we are facing a full-scale war'

Eusebius McKaiser has a frank conversation about crime in South Africa with anti-crime activist Yusuf Abramjee.

Do you know where the million of white butterflies spotted in Jozi are going?

Do you know where the million of white butterflies spotted in Jozi are going?

Callers on the open line share where they have spotted the butterflies and where they might be going.

Popular articles
Wait - why did that debit order go off so early?

Wait - why did that debit order go off so early?

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Budget 2020: The big surprise was two billion rand in tax relief

Budget 2020: The big surprise was two billion rand in tax relief

Individual tax payers are actually better off as a result of Budget 2020.

$7 trillion could save the world but not in the way you might think

$7 trillion could save the world but not in the way you might think

A billionaire asset fund manager has told global CEO’s to focus on climate change.

Budget 2020: The good, the bad, and the ugly

Budget 2020: The good, the bad, and the ugly

The Money Show asked three economists for their views on the pros and cons of Budget 2020.

 Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Nair was charged with two counts of misconduct in November last year following a preliminary investigation by the ministry.

Literacy Project to empower caregivers of pre-school children

Literacy Project to empower caregivers of pre-school children

CEO Steven Roux says they identified that there is a significant number of children who are not getting access to good creches.

Frustrated judge tells Dudu Myeni to answer questions directly - report

Frustrated judge tells Dudu Myeni to answer questions directly - report

The former SA chairperson was giving evidence in the delinquency case brought by Outa and the SA Pilots Association

Mboweni allocates R60-billion for SAA and Eskom

Mboweni allocates R60-billion for SAA and Eskom

Economist Dr Sean Miller says Eskom is a national problem and it is going to need to be bailed out.

Budget 2020: Finance Minister Mboweni's full speech

Budget 2020: Finance Minister Mboweni's full speech

The documents that underpin Finance Minister Tito Mboweni's annual Budget Speech paint a picture of an economy in a serious crunch.

Mboweni announces R2 billion in personal tax relief

Mboweni announces R2 billion in personal tax relief

Relief for taxpayers will come through above-inflation increases in all tax brackets and will be welcome news, although excise duties on alcohol and tobacco go up along with a 25 cent a litre increase in fuel levies.