Blue Label maintains cautionary

JSE-listed Blue Label Telecoms has issued a cautionary, advising shareholders to continue to exercise caution when dealing in their Blue Label shares amid a transaction that could have a material impact on its JSE share trades. This followed the August 26, 2021, announcement that Blue Label’s wholly owned subsidiary The Prepaid Company Proprietary Limited concluded a term sheet for an airtime purchase transaction with Investec Bank, First Rand Bank, acting through its Rand Merchant Bank division, and other financiers.

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