Vodacom Group hiked its interim dividend by 9.2% to R4.15/share (R3.80 previously) on strong headline earnings growth in the first half of its 2021 financial year and a dividend receipt from Kenya’s Safaricom.
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Vodacom Group reinstated growth targets and said it has the financial strength to take part in a long-awaited auction of broadband spectrum in South Africa.
On the face of it, the Covid-19 lockdown was an inadvertent blessing for South Africa’s telecommunications operators.
Vodacom Group has a new chief financial officer. Raisibe Morathi will take on the role from 1 November, when she will also be appointed to the board as an executive director.
Vodacom pumped an additional R500-million into its network in the first quarter of its 2021 financial year to help cater for surging demand for voice and data services during the Covid-19 lockdown.
Four years after pulling the plug on its M-Pesa platform in South Africa, Vodacom is having another go at fintech and mobile payments in its biggest market, this time in partnership with Chinese’s Ant Financial.
In the latest round of the legal battle between Nkosana Makate and Vodacom, the telecommunications giant has been ordered to hand over financial records related to the service.
Vodacom Group has moved to simplify its structure, creating a standalone South African operation and appointing an MD, a newly created role that will be filled by Vodafone executive Balesh Sharma.
Vodacom is working on a new model to reduce battery theft in its base stations that involves community members, working with police, to monitor and safeguard sites.
Vodacom on Wednesday announced that it has formed a partnership with Google parent Alphabet to offer Internet access in rural Mozambique using Loon Internet balloons.