20°C / 22°C
  • Thu
  • 16°C
  • 4°C
  • Fri
  • 18°C
  • 8°C
  • Sat
  • 19°C
  • 9°C
  • Sun
  • 21°C
  • 10°C
  • Mon
  • 22°C
  • 11°C
  • Thu
  • 17°C
  • 13°C
  • Fri
  • 18°C
  • 13°C
  • Sat
  • 20°C
  • 13°C
  • Sun
  • 23°C
  • 15°C
  • Mon
  • 21°C
  • 14°C
  • Thu
  • 18°C
  • 6°C
  • Fri
  • 21°C
  • 9°C
  • Sat
  • 22°C
  • 11°C
  • Sun
  • 22°C
  • 11°C
  • Mon
  • 24°C
  • 12°C
  • Thu
  • 16°C
  • 1°C
  • Fri
  • 19°C
  • 4°C
  • Sat
  • 20°C
  • 6°C
  • Sun
  • 22°C
  • 8°C
  • Mon
  • 23°C
  • 8°C
  • Thu
  • 21°C
  • 12°C
  • Fri
  • 25°C
  • 16°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 25°C
  • 16°C
  • Mon
  • 26°C
  • 19°C
  • Thu
  • 21°C
  • 12°C
  • Fri
  • 17°C
  • 12°C
  • Sat
  • 17°C
  • 11°C
  • Sun
  • 25°C
  • 15°C
  • Mon
  • 21°C
  • 15°C
  • Thu
  • 14°C
  • 11°C
  • Fri
  • 19°C
  • 12°C
  • Sat
  • 24°C
  • 11°C
  • Sun
  • 26°C
  • 13°C
  • Mon
  • 24°C
  • 11°C
  • Thu
  • 16°C
  • 12°C
  • Fri
  • 18°C
  • 12°C
  • Sat
  • 21°C
  • 11°C
  • Sun
  • 24°C
  • 14°C
  • Mon
  • 22°C
  • 12°C
  • Thu
  • 19°C
  • 5°C
  • Fri
  • 23°C
  • 8°C
  • Sat
  • 23°C
  • 9°C
  • Sun
  • 23°C
  • 10°C
  • Mon
  • 25°C
  • 11°C
  • Thu
  • 15°C
  • -2°C
  • Fri
  • 18°C
  • 1°C
  • Sat
  • 20°C
  • 4°C
  • Sun
  • 22°C
  • 6°C
  • Mon
  • 23°C
  • 6°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 28°C
  • 8°C
  • Sat
  • 24°C
  • 9°C
  • Sun
  • 27°C
  • 10°C
  • Mon
  • 29°C
  • 10°C
  • Thu
  • 18°C
  • 12°C
  • Fri
  • 16°C
  • 11°C
  • Sat
  • 17°C
  • 10°C
  • Sun
  • 22°C
  • 14°C
  • Mon
  • 19°C
  • 13°C

Vodacom South Africa now a standalone business

South Africa’s biggest telecoms company by value said in a statement it needed the new structure to manage its expanded African portfolio and growth plans on the continent, including financial and digital services.

Picture: Vodacom on Facebook.

JOHANNESBURG - Vodacom Group said on Thursday it has simplified its structure and created a standalone South African business as it seeks to manage its already expanded African footprint and grow further.

Its shares rose 0.24% after the news, outperforming the wider index, which fell nearly 2%.

South Africa’s biggest telecoms company by value said in a statement it needed the new structure to manage its expanded African portfolio and growth plans on the continent, including financial and digital services.

“For Vodacom Group to play a central role of overseeing all operations across its African footprint, this has necessitated the creation of a standalone South African operating company,” the company said.

The group assumed management responsibility for Vodafone Ghana from 1 April and subsequently concluded a joint venture with Kenya’s Safaricom after buying the M-PESA brand, product development and support services from Vodafone.

Vodacom and Safaricom have also expressed interest in bidding for an Ethiopian telecommunications licence as part of a consortium. Vodacom holds a strategic stake in Safaricom.

The standalone South African business will be managed by Vodafone director Balesh Sharma, currently the director of special projects for the Vodafone Group, which is a majority-owner of Vodacom.

He will report directly to group Chief Executive Shameel Joosub and will join the reconstituted Vodacom Group executive committee with effect from 1 July.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus