Vodacom sales rise on African data boom

Vodacom Group, the wireless operator with the most subscribers in South Africa, said quarterly revenue increased 4.3% as customers used more data outside its domestic market.

Sales rose to R18.3-billion in the three months through June, the Johannesburg-based company said in a statement on Thursday. Data revenue soared 23% to R3.6-billion as the company’s active data customers increased 37% to 25.3-million.

“Data and the international businesses have once again been the largest contributors to growth, and the entire business is seeing the benefit of our sustained investment program,” Chief executive Shameel Joosub said in the statement.

Vodacom, which is 65% owned by Vodafone Group, is expanding its Internet and data services while adding small-to-medium sized business customers to offset declining voice sales from its home market, which is being squeezed by cuts in the rates it can charge for ending calls on its network.

South Africa sales advanced 2% in the quarter, while international mobile data revenue increased 51% to R636-million as the company added customers in Tanzania, Mozambique, the Democratic Republic of Congo and Lesotho.

The phone company’s active customers increased 16% to 59.6-million.– Bloomberg

Chris Spillane
Chris Spillane works from Barcelona, Spain. ✈ ✈ ✈ ✈ recovering journalist, former @business & @politicoeurope scribbler, views ≠ mine , are we having fun yet? [X] Chris Spillane has over 1885 followers on Twitter.
Advertisting

Unions slam move to cut wage bill

Cosatu rejects job losses and a wage freeze for public servants, calling this ‘a declaration of war’

Coronavirus: South Africa will evacuate citizens from Wuhan

The government is expected to evacuate citizens from Wuhan, where the coronavirus outbreak originated

Primedia CEO Essack leaves following internal battles

Omar Essack leaves the 702 and 94.7 owners after a protracted standoff with the board

‘We’re satisfied with SA’s land reform policy’— US Ambassador

Top US official is lobbying multinational firms to invest in South Africa

Press Releases

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs