on 13 April 2023, we are proud that we have lived up to our pledge to invest over R50bn over five years in SA. This investment includes the deployment of fibre and 4G and 5G networks.
We switched on Africa’s first live 5G mobile network in three cities – Johannesburg, Pretoria and Cape Town in May 2020. We have extended our 5G footprint beyond Johannesburg, Cape Town and Durban and now have a presence in all nine provinces. Our collective investment extended our 4G and 3G population coverage to 97.94% and 99.88%, respectively, while 2G population coverage remains steady at 99.9%.
Vodacom’s commitment to accelerate network coverage for people who live in deep rural areas has already yielded positive societal impact. Within months of Vodacom having deployed new 4G sites, most of these communities are now reaping the benefits of being connected.
In June 2018, Vodacom Limpopo executive team was joined by Chief Nemubvumoni Fhatuwani Alfree and scores of community members at the unveiling of a new base station site in Duvheledza village, located in the Thulamela Municipality. The move was significant for over 5000 households in Duvhuledza village, as this was the very first base station to be deployed in this village, ushering in a new era of mobile connectivity in the area.
Ebrahim Patel, Minister of Trade, Industry and Competition, was on hand to witness the landing of the Equiano cable in South Africa. The undersea cable has a capacity of 144 Terabytes per second, which is 20 times the capacity of the last cable built to serve the region. While the Equiano cable is a major investment, it is by no means the only one that Google is making in South Africa. Over the past few years, Google has also announced investments into education, small businesses and nonprofits in South Africa.
What we know for sure is that the work goes beyond making large investment pledges. The real work is the partnership with government to promote sustainable economic development and supporting initiatives that focus on creating jobs, improving infrastructure and addressing social challenges facing local communities.
By implementing investment incentives, we build an environment that encourages businesses to invest capital, generate jobs and drive economic growth. Investment incentives are essential for attracting and facilitating capital investments.
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