Cell C Still Technically Insolvent Despite Signs of Financial Improvement
South African mobile operator Cell C remains technically insolvent, with its liabilities exceeding assets by R3.3 billion as of 30 November 2024, according to Blue Label Telecoms’ interim results. Cell C’s assets total R13.8 billion, while liabilities stand at R17.14 billion, pushing its negative equity position to -R3.3 billion. This marks a slight deterioration from … Continue reading Cell C Still Technically Insolvent Despite Signs of Financial Improvement
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