In spite of certain restrictions caused by the Covid-19 pandemic, Blue Label has continued to deliver essential services, including electricity, airtime, data and other digital services, as well as providing financial transactional services. The lockdown regulations and the downturn in economic activity have not negatively impacted airtime, data and electricity sales volumes. The Group's digital expertise has enabled uninterrupted access of all its products and services through banks, formal retailers, independent retailers, petroleum forecourts and spaza shops across South Africa. Cash flow generated by the core businesses within the Group has consequently not been negatively impacted.

Detailed commentary

Financial highlights and salient features

  • Revenue of
    R21.1 billion*

  • Successful completion of the disposal of the Blue Label Mobile Group and the Handset division of 3G Mobile

  • Headline earnings of 58.16 cents per share (2019: 312.49 cents loss per share)

  • Gross profit of R2.12 billion



On inclusion of the gross amount generated on PINless top-ups, prepaid electricity, ticketing and gaming, the effective increase equated to 7% from R56.0 billion to R59.9 billion.

Detailed financial highlights