Page 3 - Cell C News Today

Telcos in Indonesia and South Africa on Thursday launched new API services focused on enhancing security and customer experience as part of the GSMA Open Gateway initiative.

The fintech group has a non-controlling 49.5% stake in Cell C, and is looking to get an additional 4.04% stake in the firm.

The company navigates a challenging operating environment in which consumers have been significantly affected and SMEs are struggling.

Payment group Lesaka is eyeing an 18% market share in the social grants payment market over the next five years

The persistent weak economic climate characterised by subdued consumer spend will see telcos increase data prices, says Africa Analysis.

Cell C will maintain the company’s BEE status even though its long-standing black ownership stake has diminished after debt restructuring programmes over the years.

The firm names Darius Badenhorst as chief growth officer, further bolstering its executive team, in an ongoing bid to change Cell C’s fortunes.

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Vodacom, MTN, Telkom, Cell C and Rain beat 2023’s tough economy and mass spending on backup solutions amid load-shedding, and expect growth in 2024.