Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
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Just two days after the news that Vodacom’s chief technology officer, Andries Delport, is leaving for Remgro-controlled telecommunications provider CIVH, the group has announced the exit of its chief financial officer, Till Streichert.
Vodacom Group eked out a 1.2% improvement in normalised operating profit for the six months ended 30 September 2019 on the back of 2.5% growth in both normalised revenue and service revenue.
Nkosana Makate has revealed publicly for the first time that Vodacom offered him a settlement of R47-million during his latest compensation talks with the telecommunications giant.
Vodacom reported a 1.2% year-on-year decline in service revenue in South Africa in the three months to end-June, with the company blaming new data regulations from Icasa and a switch in roaming partners.
Vodacom’s business services arm is selling assets in several key markets in the rest of Africa, outside South Africa, the telecommunications group said on Friday.
Vodacom and Telkom will complete the work they need to do for their roaming agreement by the June deadline, Vodacom Group CEO Shameel Joosub said this week.