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

Jetour T2 Makes History: How a Newcomer Won SA Car of the Year

For the first time in 40 years, a Chinese brand has taken South Africa’s top automotive honour. The Jetour T2 beat 55 contenders to win Car of the Year 2026. Vice President for Jetour South Africa Nic Campbell explains what set the T2 apart, why Chinese brands are rising so…
5 Jun 5AM 11 min

Retail Rebound: NIQ Unpacks SA’s Surprising Q1 Consumer Surge

South Africans spent R173.6 billion on FMCG goods in Q1 — with volumes up 9.1%. Snacks, beverages and tobacco surged, while baby food and care declined. NIQ’s Lané Klopper breaks down the drivers behind the rebound, the rise of traditional trade, and why inflation may tighten the screws again in…
5 Jun 5AM 12 min

Canal+ Lists on the JSE: What It Signals for SA’s Capital Markets

JSE Capital Markets Chief Helina Andhee breaks down the significance of Canal+’s new listing and what it reveals about South Africa’s evolving listings environment. We explore liquidity, innovation, delistings vs. new entrants, and the JSE’s strategy to attract global issuers in a competitive capital markets landscape.
3 Jun 3PM 15 min

Beyond the Rate Hike: Fuel Shocks, Credit Stress & SA’s Financial Fragility

TransUnion Africa CEO Lee Naik analyzes how rising rates, fuel spikes, and deepening credit stress are reshaping household finances. We unpack a 14% collapse in fuel buying power, soaring non‑bank loan delinquencies, and why the new withdrawal system may offer less relief than expected. A data‑driven guide to absorb, adapt,…
3 Jun 3PM 13 min

Can BRICS Absorb SA’s Confidence Shock? Advocate Xulu on Trade

BRICS Business Council’s Advocate Mtho Xulu joins us to discuss South Africa’s widening BRICS trade deficit, the urgent need to shift from raw exports to value-added manufacturing, and whether BRICS-Plus markets can help offset domestic demand weakness. A strategic look at SA’s place in a rapidly shifting global trade environment.
3 Jun 2PM 11 min