Vodacom Group has updated its profit outlook on the back of the acquisition of East Africa’s largest mobile phone company that’s helping it push into financial services.
South African business leaders are in harmony on what the country needs after this week’s elections.
Communications minister Stella Ndabeni-Abrahams has dashed hopes for the urgent licensing of new broadband spectrum to mobile operators.
Vodacom said on Monday that “unquestionably the most significant obstacle to reducing input costs and, by extension, data prices is the fact that no new spectrum has been allocated” to operators for the past 14 years.
South Africans are not satisfied with their mobile network providers, particularly the biggest provider, Vodacom.