In a trading statement for the quarter ended December 31, 2009, Vodacom said it had seen six percent growth in group revenue to R15.425 million for the period.<\/p>\n
The group’s South African business saw 7.5 percent growth in revenue to R15.425 million.<\/p>\n
“This has been a positive quarter for Vodacom, featuring solid overall revenue growth and continued progress in building our data business,” Pieter Uys, chief executive officer, said.<\/p>\n
He said in spite of a difficult economic environment and the continued impact from the Regulation of Interception of Communications and Provision of Communication-Related Information<\/p>\n
Act, the South Africa business had increased its revenue.<\/p>\n
“The actions we have taken in our international businesses have shown positive results in the form of improved market positioning.<\/p>\n
“Cost management programmes are also gaining momentum and should provide the basis for improved margin management in the year ahead.” <\/p>\n
Uys said careful allocation of capital to investment projects had resulted in continued strong growth in cash flows.<\/p>\n