Auto Added by WPeMatico
Blu Label co-founders Mark and Bretty Levy purchased R122 million worth of shares in their own company on Monday, days after announcing a R4.9 billion net loss.
Mark Levy, CEO of Blu Label Unlimited, reflects on strong revenue growth, the separation from Cell C and bringing the energy evolution into the group’s portfolio.
Blu Label Unlimited’s BluEnergy has secured a multi-year energy trading licence from NERSA and is ready to deliver renewable energy solutions in South Africa.
Blu Label Unlimited is fundamentally changing its voucher system, moving away from specific product vouchers toward a generic or ‘one voucher’ system.
Blu Label’s investment in Cell C hurt its earnings in the six months ended 30 November 2025.
A financial sector and markets commentator has alleged that portfolio managers hyped up Blu Label to dump their shares on retail investors.
An investment in any one of South Africa’s major JSE-listed telecommunications companies would have yielded a substantial return in 2025.
Cell C’s financial statements over the last few years are a mess, which will cause headaches for investors ahead of its listing on the Johannesburg Stock Exchange (JSE).