CAUGHT OUT: JSE-listed Blu Label mum on ownership details in McKenzie-linked Ticketpro takeover
JSE-listed telecommunications group Blu Label has sold Ticketpro, its former sport and events ticketing business, to a ‘woman-owned empowerment consortium’ linked to Sport Minister Gayton McKenzie. For now, specific ownership details of the transaction remain a mystery.
JSE-listed telecommunications company Blu Label has sold its former sport and events ticketing business, Ticketpro, to an "empowerment consortium" linked to Sport Minister Gayton McKenzie. The identity of the buyers remains undisclosed due to confidentiality agreements in the transaction. Daily Maverick's investigation revealed that Bakang Lethoko, McKenzie's former chief of staff, became Ticketpro's CEO after the sale.
The new corporate structure, Ticketpro Group, was established in August, with Lethoko as the sole director. The ownership details of the transaction continue to be shrouded in mystery, with no party willing to disclose the exact ownership structure.
Written by urgent.news from Daily Maverick's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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