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Vodacom and Safaricom have completed the acquisition of the M-Pesa brand, product development and support services from Vodafone through a newly-created joint venture. According to a statement released to the media, the transaction – first announced in 2019, will accelerate M-Pesa’s growth in Africa “by giving both Vodacom and Safaricom full control of the M-Pesa...

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Vodacom Group is suing Absa for losses of at least US$64.1-million (R1.2-billion) it claims it incurred due to an alleged unauthorised payment by Absa’s Tanzanian subsidiary from Vodacom’s accounts to that country’s tax agency last year. TechCentral can reveal that the JSE-listed telecommunications group is also demanding that Absa pay it $221.9-million (R4.3-billion) in terms of...

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Saki Macozoma will be taking over from Jabu Moleketi, who will be retiring from 21 July. The Vodacom Group has announced the appointment of current lead independent non-executive director Saki Macozoma to the role of chairman of the company with effect from 22 July.  Saki will be taking over from Jabu Moleketi, who will retire and step down from the...

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With its announcement on Tuesday, Vodacom became the first major mobile communications operator to agree to lower its data prices. Now all eyes are on MTN South Africa and Telkom, which have failed to reach an agreement with the competition watchdog within the specified deadline. More than two years after the Competition Commission launched its investigation...

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Vodacom Group and Safaricom’s M-Pesa platform has ambitions to do more than just provide mobile money services, reports BusinessTech. Managing executive for M-Pesa at Vodacom, Chris Williamson, said it plans things like enterprise services, group lending and other financial services. However, it does not have plans to become a digital bank, which operates on a...

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Vodacom and the Competition Commission have reached a settlement agreement over data prices. The commission has invited the media to a press conference on Tuesday in Pretoria at which details of the settlement will be announced. A Vodacom spokesman declined to comment ahead of Tuesday’s announcement. In December, the commission unveiled surprisingly broad-ranging, tough and radical...

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Vodacom Group sees its African financial services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as US$2. It uses artificial intelligence and machine learning to customise its financial offering depending on the different needs of markets ranging from Democratic Republic of Congo...

In extension of its plans to focus more on the highly competitive European market, Vodafone Group Plc is handing over the control of Vodafone Ghana to the Johannesburg Stock Exchange-listed Vodacom Group Limited. This will take effect from April 2020. The move has now reignited speculation over Vodafone Ghana’s plans to list. In addition to...