Vodacom earnings fall on share scheme offered to black South African investors

Vodacom logo. Picture: Facebook.

It’s been close to 15 years since spectrum was last allocated… It’s not a lack of competition [reason for high data costs in South Africa]… If you don’t have spectrum you’ve got to build more sites…

Shameel Joosub, Group CEO - Vodacom

Vodacom earnings for the year ending on 31 March 2019 fell by 6.6% due to a share scheme offered to its black South African investors.

Headline earnings per share dropped to 862 cents (from 923 cents).

Vodacom now has 110 million customers.

The company invested R13 billion to improve the quality and coverage of its networks and to strengthen its IT capabilities.

The Money Show’s Bruce Whitfield interviewed Shameel Joosub, Group CEO at Vodacom.

Listen to the interview in the audio below (and scroll down for more quotes from it).

I think Cyril Ramaphosa’s leadership is definitely encouraging. We’re seeing more cohesiveness…

Shameel Joosub, Group CEO - Vodacom

Financial services for us is becoming a meaningful area…

Shameel Joosub, Group CEO - Vodacom

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