shameel joosub

  1. Luis

    Vodacom Group gains majority control of Safaricom PLC

    Vodacom taking control of R172.7-billion company Vodacom Group has announced the completion of an acquisition of an additional 20% effective stake in Safaricom PLC, Kenya's biggest company by market capitalisation, valued at R172.7 billion. The acquisition grants Vodacom Group an effective 55%...
  2. Hanno Labuschagne

    Vodacom's Shameel Joosub paid R61.8 million income tax last year

    Vodacom's Shameel Joosub paid R61.8 million income tax last year Vodacom Group CEO Shameel Joosub had an income tax bill of approximately R61.8 million for the 2026 fiscal year, up 75% from R35.3 million last year. This is according to Vodacom’s integrated report for the year ended 31 March...
  3. Luis

    Kenyan High Court blocks Vodacom's Safaricom deal pending later hearing

    Kenyan High Court blocks Vodacom's Safaricom deal pending later hearing The Kenyan High Court has suspended the Kenyan government's planned sale of a 15% stake in Safaricom to Vodacom Group amid concerns about constitutionality and data sovereignty. A three-judge bench ruled that the R31.47...
  4. Luis

    Shameel Joosub's track record as Vodacom CEO

    Shameel Joosub's track record as Vodacom CEO Vodacom CEO Shameel Joosub is one of South Africa's most successful business leaders, having significantly grown the telecoms giant since taking the reins. Joosub has spent most of his professional career at Vodacom. He joined the mobile operator in...
  5. Luis

    Vodacom Group profit and customer base surge

    Vodacom Group profit and customer base surge South African telecom giant Vodacom Group announced its annual results for the year ended 31 March 2026, reporting a net profit of R26.7 billion amid a surge in customer numbers and fintech activity. Net profit was up 34% year on year, with...
  6. Hanno Labuschagne

    SIM registrations must be linked to Home Affairs data

    SIM registrations must be linked to Home Affairs data Vodacom Group CEO Shameel Joosub has called for a "more sophisticated" SIM card registration system in South Africa, and Farhad Khan, former MTN Zambia CEO and independent consultant, agrees. Speaking to 702, Kahn said the Regulation of...
  7. Hanno Labuschagne

    Vodacom revenue jumps thanks to strong Egypt performance

    Vodacom revenue jumps thanks to strong Egypt performance Vodacom has released its latest quarterly performance update, revealing a 10.6% increase in year-on-year revenue for the three months ending 30 June 2025. Vodacom Group revenue hit R40.03 billion during the quarter, up from R36.21...
  8. Jan

    Over 44% of Vodacom prepaid recharges is borrowed airtime

    Vodacom pumps R11.2 billion into its South African network Vodacom has released its preliminary annual results for the financial year that ended on 31 March 2023, reporting modest revenue growth in South Africa and a decline in operating profit. Across the group, Vodacom CEO Shameel Joosub...
  9. Jan

    Electricity minister Kgosientsho Ramokgopa meets with network bosses

    Minister of Electricity meets with Vodacom and MTN South Africa’s newly-minted Minister of Electricity, Kgosientsho Ramokgopa, met with mobile network operators on Thursday. “This morning I met with mobile network operators to understand their energy needs, as it relates to the protections of...
  10. Jan

    Vodacom reports South African subscriber decline and revenue growth for December 2022 quarterly results

    Vodacom reports subscriber decline, revenue growth in South Africa Vodacom South Africa reported higher quarterly revenues despite lower subscriber numbers for its third-quarter results on Tuesday. Between December 2021 and 2022, revenue increased by 5% to R21.9 billion, while subscriber...
  11. Jan

    Vodacom product developers ignored Shameel Joosub's advice not to launch uncapped LTE

    Vodacom ignored Shameel Joosub's advice — and is paying the price Vodacom's product development team ignored their CEO Shameel Joosub's warning that providing an uncapped service on a 4G network does not make sense and is now paying the price. Two years ago, Joosub warned that providing...
  12. Jan

    Vodacom nearing deal with Eskom to procure all power from independent producers

    Vodacom's plan to buy all its power from independent producers Vodacom says it has made significant progress on its project to buy all of its power from independent producers. However, it can only move further once it has finalised an agreement with Eskom. In September 2022, the network...
  13. Jan

    Vodacom acquires 55% of Vodafone Egypt for R48 billion

    Vodacom buys majority stake in Vodafone Egypt for R48 billion The Vodacom Group has officially completed its purchase of a 55% stake in Vodafone Egypt in a deal valued at R48.1 billion, the company has announced. The purchase was settled through the issuance of almost 242 million new Vodacom...
  14. Jan

    Vodacom warns some areas could face total network blackouts in stage 5+ power cuts

    South Africa could face network blackouts thanks to Eskom power cuts South Africa's biggest mobile operators — Vodacom and MTN — are fighting to keep their networks online during stage 5 and 6 load-shedding, with Vodacom saying some areas risk total coverage blackouts. The companies are...
  15. Jan

    Telecoms CEOs that achieved the best shareholder returns in South Africa

    South Africa's best telecoms CEOs for shareholder returns An analysis by Daily Investor revealed that Sizwe Nxasana, Ralph Mupita, and Phuthuma Nhleko are the telecommunications CEOs who provided the best shareholder returns. For this analysis, Daily Investor looked at the shareholder returns...
  16. Jan

    Association of Comms and Technology launched

    South African network operators and minister launch the Association of Communications and Technology Nomvuyiso Batyi, in partnership with various executives from South Africa's telecommunications industry, launched the Association of Communications and Technologies (ACT) on Thursday, 11 August...
  17. Jan

    Vodacom has priority access to AST SpaceMobile's satellite mobile network engineering test

    Vodacom to test satellite network for regular cellphones Vodacom says it has priority access to test AST SpaceMobile’s satellite-based mobile network when the engineering trial begins later this year. The South African mobile network said it is a leading partner in developing the technology.
  18. Jan

    Vodacom reports quarter-on-quarter subscriber drop, data and revenue increases

    Vodacom loses subscribers but sees big data growth Vodacom lost nearly 400,000 subscribers in South Africa in the past three months, the network's latest quarterly financial update shows. The operator reported 45.086 million customers as of 30 June 2022, a decline of roughly 373,000 from its...
  19. Jan

    South Africa's best-paid telecoms CEO

    Best paid telecoms CEO in South Africa The best-paid telecoms CEO in South Africa is MTN Group's Ralph Mupita, who received a salary package of R84.2 million rand over the 2020/21 financial year (FY). Mupita's pay for the year was almost R17 million more than the next-highest paid telecom CEO...
  20. Jan

    Vodacom spends over R1 billion per year on batteries - Joosub

    Vodacom spending over a billion rand each year to tackle its biggest problem When it comes to maintaining reliable mobile network connectivity, load-shedding has proven to be Vodacom's biggest headache. The CEO of South Africa's biggest network Shameel Joosub said rotational power cuts are...
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