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Six once-large groups, and what the prognosis looks like for each.
By Keith McLachlan
29 Apr 2021
00:26
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Excluding the property and construction sectors, below is a table of formerly-large groups that have collapsed:
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Source: Profile Media (intra-day, April 22, 2021)
How are these fallen giants doing right now?
Blue Label Telecoms: Core remains strong
Blue Label Telecomsâ challenges started with its acquisition and recapitalisation of Cell C.
Although one can understand why Blue Label invested into a failing Cell C (the groupâs bottom line is materially exposed to the telcos), the investment didn’t just bring debt onto the groupâs normally cash-rich balance sheet, it has also been impaired to zero.