TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Signs Eskom crisis is creating diesel shortages

      30 June 2022

      Management shake-up at Absa

      30 June 2022

      Eskom ramps up load shedding as crisis deepens

      30 June 2022

      Alviva shares leap higher on R3-billion take-private offer

      30 June 2022

      Huawei, MTN to help build 5G-powered ‘smart mine’

      30 June 2022
    • World

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      The NFT party is over

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022
    • In-depth

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022

      Sheryl Sandberg’s ad empire leaves a complicated legacy

      2 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Vodacom shareholders to receive R3,9bn pay-out

    Vodacom shareholders to receive R3,9bn pay-out

    News By Editor7 November 2011
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Vodacom Group CEO Pieter Uys

    Vodacom has declared an interim dividend of 260c/share, translating into an almost R3,9bn windfall for the company’s shareholders. The interim dividend has been hiked by 44,4%.

    The JSE-listed cellphone group announced the dividend alongside its interim results for the six months to 30 September 2011, which revealed a strong financial performance driven by demand for broadband and a sharp rise in subscriber numbers.

    At the end of September, Vodacom had 28,9m subscribers in SA, up by 21,1% from a year ago. Customers in other African markets rose to 19m, an increase of 22,5%. Headline earnings per share climbed by 6,9% to 324c, with group data revenue up 31,1%, representing 14,1% of service revenue. Turnover for the period was R31,7bn.

    The strong performance came despite pressure on retail tariffs, with the average effective price per minute for voice calls falling by 24% and data prices coming off by 22%.

    In the six months, Vodacom invested R3,5bn in its network, which included expanded third-generation (3G) coverage and investments in fibre optics. Capital expenditure in SA was 83,4% up on last year, a large proportion of which went into transmission networks.

    At the end of September, Vodacom had 4 642 3G base stations, 68,4% of which support speeds of up to 21Mbit/s.

    In SA, gross connections increased sharply to 8m, which the group attributes to its recent brand refresh and promotions and handset deals pushing this number up by 56,5%. It suggests Vodacom took market share from rivals in the period.

    Average revenue per user, a key metric, fell by 9% in SA to R141 as a result of lower termination rates (the fees the mobile operators charge each other to carry calls on their networks) and a higher number of lower-usage customers.

    Group earnings before interest, tax, depreciation and amortisation increased by 7,6% to R10,5bn, with the margin stable at 33,2%.

    The Democratic Republic of Congo remains a problem for Vodacom. The group is in dispute with its partner in the operation, Congolese Wireless Network. The two parties are in arbitration. Vodacom Group CEO Pieter Uys says he expects a resolution to the matter in the next few months, which could include Vodacom’s exit from the troubled central African nation.  — Staff reporter, TechCentral

    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Facebook
    • Visit our sister website, SportsCentral (still in beta)
    Congolese Wireless Network CWN Pieter Uys Vodacom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleTurmoil at Reunert as Andy Baker quits Nashua
    Next Article SA streaming music service courts controversy

    Related Posts

    Signs Eskom crisis is creating diesel shortages

    30 June 2022

    Management shake-up at Absa

    30 June 2022

    Eskom ramps up load shedding as crisis deepens

    30 June 2022
    Add A Comment

    Comments are closed.

    Promoted

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022

    Hands off our satellite spectrum!

    27 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.