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SA market resilience boosts Vodacom performance | Fin24

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Vodacom CEO Shameel Joosub remarked that the growth in group revenue was 'underpinned by a resilient financial performance' in most markets, particularly South Africa.

Photo: Gallo Imgages/Jacques Stander

Vodacom's group revenue increased 5.2% to R26.1 billion in the first quarter ended 30 June, supported by a resilient South African market despite the country experiencing a spike in the cost of living. The mobile operator which has a presence in a number of markets outside the country said it"produced a resilient first quarter performance despite the turmoil in financial markets and uncertainty about the recovery of the global economy".Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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