Vodacom has committed to investing 60 billion rand in South Africa over the next five years. For the current financial year, the company plans to invest R1 billion in KwaZulu-Natal, around R500 million in the Eastern Cape and R570 million in the Western Cape.
Vodacom Group announced on Thursday, November 30, that it will invest 450 million rand ($24 million) in its network in Mpumalanga for the current 2023/2024 financial year. The investment will be used to improve the capacity and resilience of its network while expanding its coverage across the province, particularly in deep rural areas.
Vodacom intends to spend R333 million to roll out and upgrade more sites in urban areas, townships and rural areas. The company has also earmarked R117 million for increasing network capacity and resilience, particularly in the event of load shedding.
The announcement of the investment comes around two months after Vodacom announced it will invest R1 billion to strengthen its network capabilities and expand its coverage in KwaZulu-Natal. For the year 2023/2024, the company also plans to invest R570 million in the Western Cape and around R500 million in the Eastern Cape.
These various investments are part of Vodacom Group’s commitment to invest R60 billion in its activities in South Africa over the next five years . They come as Vodacom seeks to expand its telecoms network across the rainbow nation, particularly rural areas. These areas contain thousands of potential telecoms subscribers which will allow the operator to strengthen its leading position in the national telecoms market in the face of competition led by MTN.
“ At Vodacom, we believe in using our capabilities to drive change and address societal concerns. Through our various projects, initiatives, investments and strategic partnerships with the public and private sectors, we aim to connect everyone for a better future ,” said Vodacom Mpumalanga Region Managing Director Monde Ngcukana.