South African tycoons Mark and Brett Levy's ticket firm sale draws scrutiny
Blu Label, led by Mark and Brett Levy, sold Ticketpro to a consortium that Daily Maverick links to Sport Minister Gayton McKenzie's political circle.
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Blu Label, led by Mark and Brett Levy, sold Ticketpro to a consortium that Daily Maverick links to Sport Minister Gayton McKenzie's political circle.
Blue Label co-CEOs Brett and Mark Levy revealed what went wrong with their R5.5 billion Cell C bet and confirmed Blu Label is now looking to reduce its controlling stake in the mobile operator.
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.
Cell C says its assets now exceed liabilities, a milestone after Blue Label’s Brett and Mark Levy bought in and funded a painful turnaround.
Cell C debuts on the JSE at a $537 million valuation, marking its first day as an independent operator after years of restructurings under Blue Label.
Blue Label, led by Brett and Mark Levy, plans to list Cell C on the JSE after a turnaround, aiming to cut debt and secure long-term growth.
Blue Label Telecoms, led by Brett and Mark Levy, posts $140.6 million profit as Cell C turnaround and digital growth drive headline earnings surge.