Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
Browsing: Shameel Joosub
Vodacom has taken the wraps off its much-anticipated VodaPay “super app” in South Africa, designed in collaboration with Alibaba Group-owned fintech services platform Alipay.
Vodacom Group has awarded its CEO, Shameel Joosub, more than R44-million worth of share options, which will vest in three years provided they are not forfeited and performance conditions are met.
Shameel Joosub earned R55-million before tax in the 2021 financial year, a 26% increase on the previous year’s R43.4-million, according to a regulatory filing.
Vodacom spent more than R10-billion on its network in South Africa in the financial year to 31 March, outpacing rival MTN, as it ramped up investment to deal with soaring demand.
Vodacom Group is expanding its financial and e-commerce services in South Africa through a partnership with AliPay, seeking to accelerate growth in a market hampered by a lack of new broadband spectrum.
Vodacom Group said on Monday that it will work with the African Union to offer a mobile technology platform to manage vaccination appointments and vaccine stocks across the continent.
Vodafone Group is considering options for its Ghana business as it focuses on reorganising the group and paying down debt, according to people familiar with the matter.
Icasa this week defended its plan to require successful bidders in the upcoming spectrum auction to support a minimum of three mobile virtual network operators amid industry criticism of the idea.
Vodacom South Africa is building a platform to support mobile virtual network operators and expects to launch this soon after the conclusion of the spectrum auction next March.