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Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%. Normalised group service revenue growth was 7.8% as international (non-South African) growth accelerated, while South African service revenue was up 5.2% to R14.1-billion,...

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South African capital investment and revenue spikes from increased lockdown-related data usage add to Vodacom’s earnings. South African cellular giant Vodacom recorded an 8.3% rise in group revenue in the financial year to March 2021, driven by an 8.2 million rise in its continental subscriber base, as increased data usage for work and entertainment enforced...

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Vodacom Mozambique has reached an agreement with state-owned Mozambique Telecom (Tmcel) over the ongoing 60-million meticais (about US$10-million) interconnection debt dispute. In June Vodacom threatened to cancel its interconnection agreement with Tmcel which would have prevented Tmcel customers from being able to call Vodacom numbers. Vodacom said Tmcel had failed to settle the debt and...

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Vodacom Financial Services is inviting developers and businesses to join the VodaPay ecosystem by building their own “Mini Programs”. Developed by Vodacom Financial Services, in partnership with global digital lifestyle services platform Alipay, VodaPay is a mobile payments solution that has been customised to meet the specific lifestyle and payment needs of consumers, businesses and...

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Vodacom Group has awarded its CEO, Shameel Joosub, more than R44-million worth of share options, which will vest in three years provided they are not forfeited and performance conditions are met. In a regulatory filing through the JSE on Monday, Vodacom disclosed that it has awarded 339 099 forfeitable shares to Joosub. The shares were issued at an...

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Mozambique’s telecommunications industry regulator, the Mozambique National Communications Institute (INCM) has stepped in to defuse a dispute between Vodacom and state-owned Mozambique Telecom (Tmcel) over a 60 million Meticais (about US$10-million) interconnection debt. Vodacom has accused Tmcel of failure to comply with the interconnection contract between the two operators and said the debt has been...

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Vodacom Chief Executive Shameel Joosub confirmed the make‑up of his Executive Committee (ExecCo) as part of Group’s Annual Report for the year ended 31 March 2021. The year saw five new additions and a restructuring for the uncoupled Vodacom South Africa (VdSA), which was made a standalone unit in early‑2020. Balesh Sharma is VdSA’s sole representative on the ExecCo. He...