Vodacom Group reports 9% increase in revenue

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The Vodacom Group has reported a 9% increase in revenue to R24.8 billion in the quarter ending June 30th.

The group notes that South Africa’s service revenue was up 5.2%, while strong M-Pesa revenue supported normalised growth of its International markets.

Vodacom also announced that mobile contract customer revenue increased by 4.1%, while contract customers increased by 8 000.

“The company says in response to the demand for connectivity the group has reduced the cost of the 1GB 30-day data bundle by a further 14% from the 1st of April 2021.

It says the reduction adds up to a cumulative 43% cut over the last two years.

The move is seen in line with the Competition Commission’s 2019 recommendation, which called for network service providers to lower mobile data costs by between 30% and 50% or face prosecution.

Source: SABC News