Brett and Mark Levy's Blu Label warns earnings will crater more than 80%, but only on paper
Billionaires Africa | 15.08.2026 02:00
Brett and Mark Levy are about to report a brutal-looking set of numbers, and almost none of it reflects how their business actually traded. Blu Label Unlimited Group, the prepaid and fintech distributor the South African brothers run as co-chief executives, warned on Friday that earnings for the year to May 31 will collapse by more than 80% and swing to a loss, the accounting aftershock of unwinding its stake in mobile operator Cell C.
