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

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Feeling tired of life and burnt-out? You may want to check this out

Feeling tired of life and burnt-out? You may want to check this out

Bruce Whitfield interviews Judy Klipin, author of “Recover from Burnout: Life Lessons to Regain your Passion and Purpose”.

'I get anxious when people talk to me about money'

'I get anxious when people talk to me about money'

Bruce Whitfield interviews comedian Anne Hirsch about her attitude to money (hopes and fears, successes and failures, etc.).

Benguela Global Fund Managers is buying Naspers, Standard Bank and Pick n Pay

Benguela Global Fund Managers is buying Naspers, Standard Bank and Pick n Pay

Zwelakhe Mnguni (CIO at Benguela Global Fund Managers) shares his stock picks of the week: Naspers, Standard Bank and Pick n Pay.

Allowing more skilled foreigners into SA will make us all more prosperous

Allowing more skilled foreigners into SA will make us all more prosperous

In one bold move, South Africa can secure leadership on the Continent while fixing our skills shortage, says Pavlo Phitidis.

South Africans do not love Vodacom. Cell C has the best service - BrandsEye SA

South Africans do not love Vodacom. Cell C has the best service - BrandsEye SA

South Africans on social media are hating on Vodacom and quitting the network, says Nic Ray of BrandsEye SA.

Vodacom, MTN charge more for data at home in South Africa than anywhere else

Vodacom, MTN charge more for data at home in South Africa than anywhere else

Vodacom and MTN are fleecing consumers – particularly poor ones. Ray White interviews Duncan McLeod, Editor at TechCentral.

Popular articles
@catcallsofcapetown: 'They tell stories they've never told anyone before'

@catcallsofcapetown: 'They tell stories they've never told anyone before'

Lead SA: Gadeeja Abbas expands on the campaign, which reaches out to anyone who has experienced gender-based violence.

Weighing up the cost and the benefit of a loyalty programme

Weighing up the cost and the benefit of a loyalty programme

Certified financial planner Paul Roelofse on choosing and unlocking the value of loyalty programmes.

'Aarto bill there to create revenue, not to promote road safety'

'Aarto bill there to create revenue, not to promote road safety'

Rudie Heyneke outlines Outa's objections to the traffic demerit system signed into law this week.

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.