Delegates attend a recent financial presentation at Safaricom’s headquarters in Nairobi, Kenya. Monicah Mwangi/Reuters Kenya’s government will appeal the court ruling that ordered the cancellation of the deal in which it sold an extra 15% stake in Safaricom to Vodacom, finance minister John Mbadi said on Wednesday. Mbadi said he was confident the transaction followed…
Vumatel lifted operating profit 57% to R2.16-billion in the 12 months to 31 March 2026, on revenue up 15.3% to R4.43-billion, according to figures disclosed by Remgro in its results for the year to 30 June 2026 published on Friday. It is the first substantial look at what Maziv, the holding company for Vumatel and…
Kenya’s High Court has declared the government’s sale of a 15% equity stake in Safaricom to South Africa’s Vodacom Group unconstitutional, ordering the shares restored to the state. The ruling nullifies the December transaction that would have increased Vodacom’s controlling interest in East Africa’s largest telecommunications provider to 55%, while reducing the Kenyan Treasury’s holding…
Former JSE CEO Leila Fourie Vodacom Group has appointed former JSE CEO Leila Fourie to its board as an alternate director to chairman Saki Macozoma, with effect from 9 October 2026. In a notice to shareholders on Tuesday, the group said Fourie will become a full member of the board once Macozoma retires in July…
Former JSE CEO Leila Fourie joins Vodacom Group board. (Image source: WEF) JSE-listed company Vodacom Group has appointed Leila Fourie as an alternate director to the chairman, Saki Macozoma, effective 9 October. In a SENS statement today, Vodacom says Fourie will serve as an alternate director until Macozoma’s retirement on 20 July 2027, whereafter she…
MTN and Vodacom are structurally constrained from competing hard for mobile virtual network operator hosting business, Cell C CEO Jorge Mendes has argued, because at their market shares an aggressive wholesale push would cost them retail customers to their own wholesale clients. “If I had an 80% market share, I would not be going into…
Vodacom South Africa CEO Sitho Mdlalose. Five Vodacom executives and the company secretary have sold a combined 63 216 shares, worth about R9.93 million, to settle tax obligations arising from the vesting of shares awarded under the company’s conditional and forfeitable share plan. The transactions, disclosed in accordance with the JSE Listings Requirements, took place…
In an effort to bridge the divide between higher education and real-world requirements, Vodacom, the University of Johannesburg (UJ) and Amazon Web Services on Friday, 24 July, announced they have formed a strategic alliance focused on developing highly skilled, employment-ready specialists in artificial intelligence and data science. Supplied image: Leadership from UJ, Vodacom, AWS and…
Vodacom Group CEO Shameel Joosub Vodacom has lowered the floor on its dividend payout policy, cutting it to at least 65% of headline earnings from at least 75% previously, in a change disclosed alongside first-quarter trading numbers and the completion of its long-awaited Safaricom transaction. The shift is significant for a counter widely held by…
MTN and Vodacom have launched separate legal challenges against communications regulator Icasa over new consumer protection rules – including mandatory rollover of unused data bundles – that are due to come into force in January 2027. News24 first reported that MTN served court papers on 22 July asking for the End-User and Subscriber Service Charter…
