|Bid||7.36 x 130000|
|Ask||7.65 x 130000|
|Day's Range||7.29 - 7.29|
|52 Week Range||6.51 - 8.77|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||11.44|
|Forward Dividend & Yield||0.49 (6.72%)|
|1y Target Est||N/A|
Kenya's Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain's Vodafone, Safaricom's CEO said on Thursday. The 12 million euro ($13.4 million) deal will let both purchasers make significant savings in royalties paid to Vodafone and expand the service to new African markets, said Bob Collymore, Safaricom's CEO.
The two carriers bill more in their home market than in other countries in which they operate, the Competition Commission said in a provisional report on an inquiry that began in August 2017. Vodacom, majority owned by U.K.-based Vodafone Group Plc, and MTN had a combined 75 million customers in South Africa at the end of 2018, or about three-quarters of the current market, which includes those with more than one mobile-phone subscription.
Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudulent use of network facilities against its managing director and other executives. "A bail application for the individuals in police custody will be heard in (the) next few days," Vodacom Tanzania said in a statement. The company also said that it had appointed South African Jacques Marais as acting managing director.
Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania and other telecom executives with economic crimes, court documents seen by Reuters showed. Egyptian Hisham Hendi and other telecom executives "intentionally and wilfully organised a criminal racket, which caused the government ... to suffer a pecuniary loss" of more than 5.9 billion Tanzanian shillings ($2.55 million), the documents said. Vodacom, a subsidiary of South Africa's Vodacom Group, is Tanzania's leading telecom company by the number of mobile subscribers, with about 32 percent of the country's 40 million mobile subscribers, ahead of Tigo Tanzania, a subsidiary of Sweden's Millicom, and a local unit of India's Bharti Airtel.
A settlement offered by South African mobile telecoms provider Vodacom to a former employee drew tens of protesters on Thursday calling for a better deal. Vodacom was ordered in 2016 by the country's top court to pay Nkosana Makate for his role in creating the company's call-back messaging service. The Constitutional Court did not set a specific compensation amount, however, leaving it to both parties to iron out.
JOHANNESBURG (Reuters) - South Africa's Vodacom (VODJ.J) on Thursday reported a slowdown in quarterly group and service revenue growth sending shares in the mobile phone operator down 8.6 percent at the ...
In one incident, at its Mall of The North franchise store, women were assaulted and goods stolen, the company said in an email. The EFF may have been responding to an image used by Corruption Watch Chairman Mavuso Msimang, Vodacom said, in which he depicted an image of the party’s leaders Julius Malema and Floyd Shivambu, as “abusers of democracy” during a keynote address at an awards ceremony.
Shareholders in Vodacom Tanzania on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa's Vodacom Group. "What we did today is just part of the required approval for the deal and this does not mean the deal is done, there are other authorities that need to approve it too, Ali Mufuruki, Vodacom Tanzania's chairman said. Mirambo Holdings is the investment vehicle of Tanzanian business tycoon Rostam Aziz.
Overall earnings before interest, taxes, depreciation and amortization increased by 4.7 percent, while the interim dividend was increased to 3.95 rand a share from 3.90 rand. Key InsightsThe unit of the U.K.’s Vodafone Group Plc experienced tough conditions in South Africa, with weaker device sales largely behind the sales slowdown.
Kumalo, who led Vodacom’s international business until 2016, has teamed up with fellow South African business veterans including banker Michael Jordaan to start the company, said the people, who asked not to be identified as the information isn’t yet public. The firm, called LLH Capital Ltd., aims to invest in internet-related businesses and industries such as drones and car tracking, they said. Along with a joint listing in Johannesburg and Mauritius, LLH plans to raise a further $250 million to $300 million for a deals fund, said one of the people.
Telecoms firm Vodacom said on Friday that it would invest 50 billion rand in South Africa over the next five years. The announcement was made at a conference to drum up investment in Africa's most industrialised ...
A settlement offered by South African mobile telecoms provider Vodacom to a former employee drew tens of protesters on the streets of Johannesburg on Thursday, calling for a better deal. Serena Chaudhry reports.