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Cell C drowning in debt

Cell C Black Friday Deals

It’s not just state-owned entities that are drowning in debt, Cell C has its own share of problems. This week, the mobile network operator confirmed that it defaulted on a R2.7-billion loan.

But technology experts say Cell C subscribers should only start worrying if they start experiencing network problems, which are unlikely at this stage.

Cell C

Cell C currently has an estimated 17-million mobile subscribers in South Africa. The company issued a statement saying it suspended payments on its R9-billion debt, in a bid to improve liquidity.

It’s also trying to restructure its balance sheet. Cell C is currently cutting costs as part of a turnaround strategy.

In other news – Twitter roasts Shauwn Mkhize for her Outfit at #SomhaleWhiteWedding

Beware of Twitter! So every time when one wants to do something, they must make sure everything is super perfect to avoid drama with tweeps.

Shauwn Mkhize

Businesswoman and reality star, Shauwn Mkhize, addressed the negative commentary on the outfit she wore to Somizi Mhlongo and Mohale Motaung’s white wedding on social media. Read more

Source: eNCA