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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.