Vodacom Group is now offering cash advances to its underbanked client base in South Africa as it pushes deeper into financial services.
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Massmart reported a 50% year-on-year jump in e-commerce sales for the period to 26 June, even as its income statement was once again stained in red ink.
The country has banned some telecoms executives from leaving the country after they resisted paying a new tax on the industry, sources said.
The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.
Major operators have created a new, non-profit association to look after their interests and work with government and regulators.
Vodafone Group explored a sale of its Ghanaian business to subsidiary Vodacom Group in early 2021 but that deal did not materialise.
The idea of a pan-African telecoms champion that has a large shareholding by the South African government looks likely to grease the political wheels of MTN’s audacious bid to buy Telkom.
Vodacom Group reported a 5.2% year-on-year improvement in quarterly revenue on the back of a “resilient” performance in its home market.
Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, it said on Thursday.
Vodafone New Zealand is selling its mobile phone tower assets to investment firms for NZ$1.7-billion, or about R17.9-billion.