Try GOLD - Free
Cell C makes strong JSE debut as shares rise 4% on first day of trading
The Star
|November 28, 2025
CELL C Holdings debuted on the Johannesburg Stock Exchange (JSE) on Thursday, marking a defining milestone in South Africa's telecommunications landscape and opening a new chapter in the company’s turnaround journey.
The share price was seen trading 3.77% higher than the opening price, at R27.50 on Thursday midday, valuing the business at about R9 billion, with 340 million ordinary shares in issue.
The offer included 102 million sale shares, raising R2.7 billion for the selling shareholder, The Prepaid Company, which is a subsidiary of Blue Label Telecoms Group.
"This successful listing confirms our belief that a leaner, more agile operating model can compete effectively while keeping connectivity affordable for all South Africans. We've shown that purpose and profitability can coexist and win," said Cell C CEO, Jorge Mendes.
The offer also included a further allocation of 54.2 million shares to Sisonke Growth Partners as part of TPC and Cell C's commitment to empowerment. The total transaction value including the capital raise, and allocation to Sisonke Growth Partners was R4.1bn.
This story is from the November 28, 2025 edition of The Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Star
The Star
Sunrisers 'desperate' to book top playoff spot after close defeat to Durban's Super Giants
SUNRISERS Eastern Cape coach Adrian Birrell has stressed that his team remains steadfast on finishing in the top two after the Betway SA20 group stages.
2 mins
January 13, 2026
The Star
Adolescent mothers are still left at the school gate
AS THE school year begins, classrooms are filling up again.
3 mins
January 13, 2026
The Star
No Capetonian is buying the old Cape Exit fantasy
EVERY few years, when South Africa is struggling and the national mood is raw, the same idea resurfaces in the Western Cape dressed up in new language, polished by social media, and sold as “democratic self-determination.”
4 mins
January 13, 2026
The Star
Silindile Lubisi shares journey of resilience and academic excellence
CONSISTENCY and academic excellence defined Silindile Lubisi’s matric year, with the Forte Secondary School learner maintaining the top academic position for three consecutive terms and earning distinctions in all seven subjects, an achievement that reinforced her determination to pursue a career in law.
1 mins
January 13, 2026
The Star
RCEP boosts Cambodian trade growth
FOUR years on, the Regional Comprehensive Economic Partnership (RCEP) agreement has continued to be a driving force for Cambodia's trade growth, according to a Cambodian official and experts.
2 mins
January 13, 2026
The Star
How matriculants can breeze through 2026 admissions
AS THE application season for learners seeking admission to tertiary institutions approaches, many students face challenges with the process.
2 mins
January 13, 2026
The Star
Gomolemo Mogodi’s year of resilience and growth
SEVENTEEN-year-old Gomolemo Mogodi’s matric year was a test of emotional endurance, discipline, and faith.
1 min
January 13, 2026
The Star
Olivia Dean’s journey: from niche to notable
TURN on any pop station and soon enough you'll hear Olivia Dean's megahit Man I Need.
4 mins
January 13, 2026
The Star
From township struggles to law dreams: Sophy’s inspiring matric journey
FOR Sophy Tshilo of Lefhereng Secondary School, the matric year was shaped not by solitary success, but by the strength found in community, with school camps and cross nights becoming pivotal moments that helped her confront academic struggles, persevere through hardship and keep her dream of studying law alive.
1 mins
January 13, 2026
The Star
From matric to the real world: Navigating post-school anxiety
FOR over a decade, your life followed aset routine.
2 mins
January 13, 2026
Listen
Translate
Change font size