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    Home » Vodacom revenue up 6% in SA
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    Vodacom revenue up 6% in SA

    July 23, 2023
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    Shameel Joosub - Vodacom CEO
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    Group revenue grew more than 35% to R35.7 billion

    1. Service revenue surged 43.8% year on year to R29 billion
    2. Local service revenue grew 3.9% to R15.1 billion. SA customers decreased 0.6% to 44.8 million
    3. Vodacom spent R4 billion over 4 years to mitigate load shedding impact
    4. Vodacom now invests more than R11 billion annually in SA infrastructure
    5. New services like financial and digital now make up almost 20% of revenue
    6. New services are on track to contribute 25-30% of revenue in the medium term
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