COMPANY RESULTS – Vodacom Group revenue of R72.8 billion was up 35.5%

Loading player...
GUEST - GUEST - Shameel Joosub, Vodacom Group CEO

Highlights

1. Group revenue of R72.8 billion was up 35.5%, positively impacted by the acquisition of Vodafone Egypt.

2. Group service revenue growth of 42.2% or 7.9% excluding Vodafone Egypt.

3. Group service revenue growth including Vodafone Egypt on a pro-forma basis (target comparable) was 9.0%, at the higher-end of our medium-term target.

4. Group EBITDA growth of 35.1% or 5.5% on a pro-forma basis.

5. Serving a combined 196.2 million customers across the Group, including Safaricom on a 100% basis.

6. Financial services customers, including Safaricom on a 100% basis, 73.5 million, transacting US$1 billion per day.

7. Financial services revenue increased 39.9% to R6.2 billion contributing 10.5% to Group service revenue. · Interim dividend of 305cps, consistent with our policy.
13 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

Rustenburg mayor raises alarm over rise in illegal mining

Rustenburg Executive Mayor Sheila Mabale-Huma has raised concerns over the growing threat of illegal mining in the North West town. Her warning follows the deaths of 14 illegal miners and injuries to scores of others at a disused mine in Nkaneng near Rustenburg. The incident has again highlighted the dangerous…
19 Aug 2PM 10 min

South Africans Under Pressure: Inside the Q2 2026 Debt Index

DebtBusters’ Benay Sager breaks down the latest Debt Index, revealing consumers still using 64% of their income to service debt, with high earners needing 103% just to stay afloat. We unpack the surge in unsecured credit, cost‑of‑living shocks, multi‑lender borrowing, and why debt counselling outcomes are improving despite rising financial…
19 Aug 1PM 8 min

DRDGOLD’s Big Year: Earnings Surge & Vision 2028 Takes Shape

DRDGOLD CEO Niël Pretorius unpacks a standout FY2026 performance, with revenue up 42%, operating profit up 83%, and major Vision 2028 infrastructure coming online. We explore production stability, the company’s debt‑free position, dividend uplift, and how new assets like the Daggafontein TSF and DP2 expansion reshape future output.
19 Aug 1PM 15 min

SA Consumer Price Inflation slows to 4.3% in July

Nedbank Economist Isaac Matshego breaks down South Africa’s July CPI print, which eased to 4.3% as fuel prices softened and goods inflation cooled. We unpack the drivers behind the slowdown, the stubborn pressure from housing and utilities, and what this means for consumer wallets heading into the September MPC meeting…
19 Aug 12PM 16 min

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min