An unsuccessful appeal would force it to reassess the accounting implications of its current 55% Safaricom holding, warns Vodacom.
Customer growth, smartphone adoption, financial services and beyond-mobile services are driving good progress in its Vision 2030 strategy, says Vodacom.
The company kicks off its 2027 financial year with stronger revenue growth, buoyed by an improving performance in South Africa and continued momentum in Egypt.
Mobile money gave East Africa financial access and now the region is building the infrastructure, intelligence and ambition to deliver genuine financial empowerment at scale.
The firm’s pending Safaricom acquisition – currently in court – will accelerate its transformation from telco to African technology company, it says.
The mobile network provider is guiding earnings being 20% to 25% higher for the year to March, as strong continental performance offsets a softer South African market.
The big-four bank makes four executive appointments, bringing outside experience onboard, alongside strategic internal appointments.
South Africa, which remains Vodacom’s largest market, records growth of 1.4%, reflecting continued pressure in the core mobile business.
South Africa’s biggest mobile network operator reports a strong financial performance for the first quarter, with group revenue rising 10.6%.
SA’s biggest mobile network operator expects to spend more than R20 billion in capital expenditure on infrastructure in the new financial year.
Tech companies can play a role in capacity-building initiatives that equip SMEs with the skills needed to maximise the use of technology, says Sannesh Beharie, managing executive for SME and Mobile Products at Vodacom Business.
In this new era, AI-enabled O&M (AI for operations) and AI-oriented O&M (operations for AI) will promote each other.
ITWeb TV: Safaricom unpacks the role of ed-tech in Africa’s education sector
Vodacom Group and Safaricom in partnership with the Nelson Mandela Foundation unpack research findings on how ed-tech can transform education in Sub-Saharan Africa. #newsvideo #safaricom #Nelsonmandelafoundation