The Number of the Day is R27, which is the opening share price for Cell C as the company made its long-anticipated debut on the Johannesburg Stock Exchange. The listing has been almost a decade in the making, with early discussions dating back to 2016. Cell C’s first trades came in at R27 after an initial indication of R26.50, and the price moved only slightly during the morning.
Anchors Francis Herd and Melissa Tighy explain why the muted reaction matters. Investors appear cautious but not negative. A flat share price on debut can signal stability, especially for a company that has gone through financial restructuring, ownership changes, and operational challenges. Cell C was previously owned by Blue Label Telecoms, but it now enters the market as an independent, publicly traded mobile and data services provider.
The listing also adds momentum to what has been a strong year for new entrants on the JSE. More listings help build investor confidence and increase competition. For consumers, Cell C’s return to the spotlight may bring new options in a market dominated by two large players.
Full article here: https://www.enca.com/news-top-stories/number-day-27-november-2025-27
