RC 260821Cape TalkStephen Grootes
Friday, 21 August 2026
Markets were lifted by gold and a weaker dollar, while the show focused on Cell C’s turnaround, Africa’s MVNO growth and major local deals in fuel and telecoms.
- 18:28
Cell C reported headline earnings up nearly 60%, revenue up 13.5% and subscriber growth of 17%, with net debt down from almost R6 billion to about R2 billion.
- 18:16
Cell C warned longer data-bundle rollover rules will cut revenue and ARPU, but said improved network performance, sharper channel execution and retention efforts should keep growth going.
- 18:22
Africa Analysis expects MVNO subscribers across nine African markets to jump from about 8 million to nearly 40 million in five years, with South Africa alone possibly topping 14 million by 2030.
- 18:32
Adnoc’s planned acquisition of Shell’s South African petrol station network moved closer, with a minority stake sale to Reatile Group; the deal values the business at about US$1 billion and covers roughly 600 outlets.