With almost 60 million customers throughout the continent, the Vodacom Group is one of Africa’s leading mobile communications companies, providing a broadportfolio of services including mobile, messaging, voice, data and converged services to all demographics.
From a humble history which started in South Africa, Vodacom has expanded its mobile network business to Mozambique, Lesotho, Tanzania and the Democratic Republic of Congo. The group also offers business-managed services for sale to enterprises in more than 40 African countries, through Vodacom Business Africa.
The group recorded revenue of more than R80 billion in the 2016 financial year and has a market cap of more than R240 billion on the Johannesburg Stock Exchange (JSE), with Vodacom share price enjoying a prosperous track record of growth.
Vodacom is majority owned by Vodafone, one of the world’s largest mobile communications companies.
Vodacom Shares Growth Driver
Vodacom has quickly grown to become one of Africa’s largest and most respected telecommunications companies. The group experienced good growth in the 2016 financial year, with operating profits up by 11.2% to R21 billion. In line with the group’s strategy of rapid growth, capital expenditure stood at more than R 12 billion for the year, which was mostly focused on expanding coverage and increasing data speeds.
Vodacom’s main operations in South Africa grew by 5.2% for the year, with active customers increasing by 2.1 million. International operations, which contribute around 26% of the group’s revenue, boasted an even better performance, with revenue growing by 16.2%. This was despite customer regulation requirements in Mozambique and the DRC, which reduced the international active customer base by 8.1%.
Vodacom is confident that the strategies it has decided to buy into to differentiate its network experience, proactively change pricing and offer customers more value through segmented and personalised pricing, will continue to sustain revenue growth.
The group expects that demand for mobile data will continue to grow strongly in line with smart devices becoming more accessible, and is accelerating investment in networks to capitalise on this future demand. By driving greater contribution from international operations, deepening enterprise offers, and staying up to date with new technology such as fibre internet and other services such as M-Pesa, insurance and the Internet of Things, Vodacom aims to cement its place as one of Africa’s leading companies and grow Vodacom share price further.
Vodacom Group Investor Tip
The markets in which Vodacom operates are highly competitive, and challenged by regulatory and macroeconomic risks. The buy in of new customers in South Africa is expected to remain under pressure in the near term, and Vodacom is not expected to enjoy explosive growth. The live online stocks chart, however, shows that Vodacom share price has enjoyed tremendous growth in the past five years, doubling in value.
Vodacom is an historically strong share which continues to deliver steady gains for shareholders who purchase them. Vodacom shares are considered to be a solid buy which delivers good yields in the long term.
Vodacom Major Shareholders
Vodafone Group, SA Government, Public Investment Corporation.
Retail – Telecom
Retail – Telecom
How to buy Vodacom Group Shares
Vodacom : How to buy Vodacom Group Shares Online
We have made it simple to buy JSE listed firm shares online. The easiest way to buy Vodacom Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Vodacom Holdings and assist you with the setup and management of your stock portfolio account.
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