South Africa's wealthy Levy brothers lose $97 million in ten months on Cell C woes
Billionaires Africa | 03.07.2026 04:56
Mark and Brett Levy, the South African brothers who built Blue Label Telecoms from a high school side hustle into one of the JSE's most recognisable technology and telecoms companies, have lost a combined R1.58 billion ($97.1 million) in paper wealth in ten months after a disappointing Cell C initial public offering drove their company's share price down by more than 50 percent between August 2025 and June 2026.
