South African tycoons Mark and Brett Levy face questions over sports minister's visits
Gayton McKenzie, South Africa's sports minister, has acknowledged visiting the Levy brothers' Blu Label offices but denies any role in the sale of Ticketpro.
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Gayton McKenzie, South Africa's sports minister, has acknowledged visiting the Levy brothers' Blu Label offices but denies any role in the sale of Ticketpro.
Blu Label, the Johannesburg-listed group run by Mark and Brett Levy, is building a R360 million solar plant to supply power to Ekurhuleni.
Blu Label Unlimited posted a R4.9 billion loss after writing down Cell C, but paid a dividend for the first time in eight years.
Blu Label, led by tycoons Brett and Mark Levy, expects earnings to fall more than 80% and swing to a loss for the year.
South African billionaire brothers Mark and Brett Levy have lost a combined R1.58 billion ($97.1 million) in ten months after the Cell C IPO disappointed investors.
Brett and Mark Levy's Blu Label Unlimited moves R108 billion a year as South Africa's dominant distributor of prepaid electricity and airtime, serving 35 million customers monthly.
Mark and Brett Levy have lost R1.46 billion over seven months as Blu Label Unlimited shares fell sharply from their August 2025 peak.
Mark Levy says Blu Label is positioning Cigicell to recover billions in lost municipal electricity revenue and strengthen group margins.
Mark Levy Blu Label reported a first half loss after spinning off Cell C, though core operations remained profitable.
Mark Levy has secured a multi year trading licence for BluEnergy, strengthening Blu Label role in South Africa evolving power market.