{"id":627765,"date":"2026-02-04T07:53:48","date_gmt":"2026-02-04T05:53:48","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=627765"},"modified":"2026-02-04T08:10:07","modified_gmt":"2026-02-04T06:10:07","slug":"vodacom-gets-big-egypt-boost","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/627765-vodacom-gets-big-egypt-boost.html","title":{"rendered":"Vodacom gets big Egypt boost"},"content":{"rendered":"\n<p>Vodacom published a trading update for the quarter ended 31 December 2025 on Wednesday, reporting that group revenue grew by 11% to R43.9 billion.<\/p>\n\n\n\n<p>Group service revenue grew 12.7%, tracking favourably against the company&#8217;s medium-term target, buoyed by its operations in Egypt, where service revenue grew by 39% to R9.5 billion.<\/p>\n\n\n\n<p>Egypt&#8217;s financial services revenue was up 59.4%. Vodacom acquired a 55% stake in Vodafone Egypt in December 2022, in a deal valued at R48.1 billion.<\/p>\n\n\n\n<p>Vodacom&#8217;s international business increases service revenue by 12.6%. In South Africa, service revenue grew by 1.4%, supported by Vodacom&#8217;s beyond mobile strategy.<\/p>\n\n\n\n<p>Group financial services revenue increased by 24.7% to R4.5 billion, with Vodacom reporting that it transacted $500.7 billion (R8 billion) in the past 12 months through its mobile money platforms.<\/p>\n\n\n\n<p>Vodacom Group CEO Shameel Joosub said the significant strategic progress during the quarter was marked by two milestones that strengthen the company&#8217;s long-term growth profile.<\/p>\n\n\n\n<p>&#8220;In December, we announced an agreement to acquire an additional 20% stake in Safaricom, reinforcing our commitment to the high-growth East African markets of Kenya and Ethiopia,&#8221; said Joosub.<\/p>\n\n\n\n<p>&#8220;In November, our acquisition of a strategic stake in South African fibre business Maziv received ICASA\u2019s final approval.<\/p>\n\n\n\n<p>Joosub said the Maziv acquisition unlocks the opportunity to accelerate fibre deployment and expand access to high-quality connectivity, particularly in historically underserved communities.<\/p>\n\n\n\n<p>&#8220;The quarter benefited from sustained growth in Egypt and our International business \u2014 including a strong performance in DRC,&#8221; he said.<\/p>\n\n\n\n<p>&#8220;South Africa delivered modest but satisfactory revenue growth against a particularly strong comparative quarter last year.&#8221;<\/p>\n\n\n\n<p>Despite a challenging consumer environment and a strong comparative period last year in South Africa, service revenue grew by 1.4% to R16.4 billion.<\/p>\n\n\n\n<p>Joosub said South Africa&#8217;s service revenue was supported by robust growth in financial services, fixed connectivity, and IoT.<\/p>\n\n\n\n<p>&#8220;The contract segment grew 2.6%, supported by ARPU growth. Prepaid revenue was under pressure as the result of a tougher consumer backdrop and promotional pricing,&#8221; he said.<\/p>\n\n\n\n<p>&#8220;Data traffic surged by 32.3%, supported by sustained investment in network quality and a highly successful summer campaign driving strong engagement on smart devices.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vodacom international data and financial services performance<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2025\/07\/Vodacom-2.jpg\" alt=\"\" class=\"wp-image-602424\" srcset=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2025\/07\/Vodacom-2.jpg 1200w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2025\/07\/Vodacom-2-600x338.jpg 600w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2025\/07\/Vodacom-2-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>Including Safaricom, Vodacom passed the 100 million financial services customers mark during the quarter.<\/p>\n\n\n\n<p>&#8220;We continue to invest in quality and resilience, modernising networks, scaling 4G and 5G where appropriate, and expanding fibre to bridge the digital divide,&#8221; said Joosub.<\/p>\n\n\n\n<p>&#8220;Our international business continued to deliver excellent results, with service revenue up 12.6% to R8.8 billion.&#8221;<\/p>\n\n\n\n<p>Joosub said the region benefited from strong commercial execution, network modernisation, and the scaling of advanced digital and financial services.<\/p>\n\n\n\n<p>Data revenue grew by 21.1%, contributing\u00a0 31.2% of international business service revenue, while M-Pesa revenue accelerated to 22.1% growth, driven by double-digit expansion across all markets.<\/p>\n\n\n\n<p>The customer base increased by 12.5% to 65.7 million, which Joosub said reflected the success of innovative financing options and adoption of new products such as communal savings and fuel loans.<\/p>\n\n\n\n<p>&#8220;Egypt remains a standout performer, with service revenue now accounting for 27.5% of Group service revenue in the quarter,&#8221; stated Joosub.<\/p>\n\n\n\n<p>&#8220;This was driven by strong commercial momentum, enhancements to integrated connectivity and content packages, and continued traction of Vodafone Cash.&#8221;<\/p>\n\n\n\n<p>Egyptian data traffic expanded by 25.1%, with data customers up 8.9% to 33.9 million. Joosub said consistent network investment, including the roll-out of 5G services, underpinned healthy ARPU growth.<\/p>\n\n\n\n<p>&#8220;Looking ahead, we remain focused on delivering our medium\u2011term targets, advancing financial inclusion, and executing with discipline across products and geographies,&#8221; said Joosub.<\/p>\n\n\n\n<p>&#8220;Continued execution of our strategy has the potential to create immense economic value in the markets where we operate, helping to address inequality.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><thead><tr><th><\/th><th colspan=\"2\">Quarter ended 31 December<\/th><th colspan=\"2\">YoY change<\/th><\/tr><tr><th>Rm<\/th><th>2025<\/th><th>2024<\/th><th>Reported<\/th><th>Normalised<\/th><\/tr><\/thead><tbody><tr><td><strong>Group revenue<\/strong><\/td><td><strong>R43,898<\/strong><\/td><td>R39,531<\/td><td><strong>11.0%<\/strong><\/td><td>11.7%<\/td><\/tr><tr><td>South Africa<\/td><td><strong>R24,002<\/strong><\/td><td>R23,865<\/td><td><strong>0.6%<\/strong><\/td><td>0.6%<\/td><\/tr><tr><td>Egypt<\/td><td><strong>R11,108<\/strong><\/td><td>R7,767<\/td><td><strong>43.0%<\/strong><\/td><td>43.7%<\/td><\/tr><tr><td>International<\/td><td><strong>R9,359<\/strong><\/td><td>R8,179<\/td><td><strong>14.4%<\/strong><\/td><td>17.4%<\/td><\/tr><tr><td><strong>Group service revenue<\/strong><\/td><td><strong>R34,606<\/strong><\/td><td>R30,693<\/td><td><strong>12.7%<\/strong><\/td><td>13.6%<\/td><\/tr><tr><td>South Africa<\/td><td><strong>R16,418<\/strong><\/td><td>R16,192<\/td><td><strong>1.4%<\/strong><\/td><td>1.4%<\/td><\/tr><tr><td>Egypt<\/td><td><strong>R9,506<\/strong><\/td><td>R6,837<\/td><td><strong>39.0%<\/strong><\/td><td>39.7%<\/td><\/tr><tr><td>International<\/td><td><strong>R8,813<\/strong><\/td><td>R7,829<\/td><td><strong>12.6%<\/strong><\/td><td>15.4%<\/td><\/tr><\/tbody><tfoot><tr><td colspan=\"5\"><em>Normalised growth adjusts for trading foreign exchange, foreign currency fluctuation on a constant currency basis (using the current year as base) and excludes the impact of merger, acquisition and disposal activities to show a like-for-like comparison of results.<\/em><\/td><\/tr><\/tfoot><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Vodacom benefited from sustained growth in Egypt and its international business, including a strong performance in DRC, while South Africa delivered modest revenue growth.<\/p>\n","protected":false},"author":15,"featured_media":542581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[41],"class_list":["post-627765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/627765"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=627765"}],"version-history":[{"count":5,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/627765\/revisions"}],"predecessor-version":[{"id":627772,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/627765\/revisions\/627772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/542581"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=627765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=627765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=627765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}