On the face of it, the Covid-19 lockdown was an inadvertent blessing for South Africa’s telecommunications operators.
Browsing: Vodacom South Africa
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.
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 spent almost R4.8-billion on expanding and improving its network in South Africa in the six months to 30 September 2018, an 18.2% jump from the same period a year ago.
Despite continued rapid growth in demand for data by customers, Vodacom South Africa eked out a meagre 3.9% increase in data revenue in the 2019 financial year as price cuts and lower out-of-bundle tariffs impacted the top line.
The weak South African economy, coupled with consumers “optimising” promotional data, has led to a surprise decline in Vodacom’s service revenue in the quarter ended 31 December 2019.
Vodacom Group fell the most in more than two months after it reported falling sales in South Africa, where a slower than expected economic recovery dampened consumer spending.
Revenue from data at Vodacom South Africa, the telecommunications group’s biggest market, has topped voice revenue for the first time, interim results for the six months ended 30 September 2017 show. Data revenue in South Africa
Despite weak economic conditions, Vodacom has delivered an impressive financial performance in the first quarter of its 2018 financial year, with the good numbers underpinned by robust demand for data services
MTN South African has announced that it will spend R4bn more than previously budgeted for on its network in 2016, boosting its capex plan for the financial year to 31 December by 50% to R12bn