Vodacom’s mobile money empire now moves R8-trillion a year

Vodacom’s mobile money empire now moves R8-trillion a year

Vodacom Group CEO Shameel Joosub Vodacom Group on Wednesday said it facilitated US$460-billion (R8.1-trillion) in transactions through its mobile money platforms in the past year, including in Kenya, underscoring just how important financial services has become to the JSE-listed telecommunications operator. “The sustained growth of our financial services is particularly pleasing as this seeks to…

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Mobile money lifts Africa savings to decade high

Mobile money lifts Africa savings to decade high

Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent. The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and…

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Wi-Fi or mobile? Tug-of-war over 6GHz intensifies

Wi-Fi or mobile? Tug-of-war over 6GHz intensifies

The Dynamic Spectrum Alliance (DSA) has urged communications regulator Icasa to open the upper portion of the contested 6GHz radio frequency bands to Wi-Fi and other unlicensed uses – and not reserve its use for mobile operators. Speaking at a conference hosted by the Wireless Access Providers’ Association (Wapa) on Tuesday, DSA president Martha Suarez…

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Telkom doubles earnings as mobile subscribers hit 23m

Telkom doubles earnings as mobile subscribers hit 23m

Double-digit growth in mobile and fixed data traffic underscored Telkom’s core offerings. JSE-listed telecommunications firm Telkom has posted strong full-year results, bolstered by significant growth in its mobile business, as well as gains from the Swiftnet disposal. The company today published its annual financial results and ordinary and special dividend declaration for the year ended…

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