TechCentral took a look at the top-performing technology shares listed on the Johannesburg bourse between 23 April 2024 and 2 May 2025 as well as the period between 23 April 2020 and 2 May 2025 - and Blue Label came out on top in both.
The technology category on the JSE is made up of 14 companies, including Karooooo, Naspers and Lesaka Technologies. Like Blue Label, which is in the process of acquiring control of Cell C , telecommunications operators Vodacom Group, MTN Group and Telkom were included because of the tech focus of the industry.
Blue Label's share price grew by 105 to R8.50 over the past year on the expectation that the picture at Cell C is improving following the appointment of a new management team and the successful conclusion of a recapitalisation of the mobile operator's distressed balance sheet.
Blue Label's portfolio consists of cash-generative value-added suppliers of airtime, data and electricity tokens, but Cell C has been a thorn in the group's side for a long time.
iOCO's renaming is part of a brand refresh aimed at rejuvenating the company's reputation following a corruption scandal that nearly drove the business to the wall.