Vodacom upgraded its 2030 ambition for financial services customers to 130 million, from 120 million at the end of its 2026 financial year. The transaction value processed reached $525.6bn through the year, up 16.6%.
Vodacom Group invested a massive R23,6 billion across the group in its 2026 financial year, an increase of 16,5% over the previous year, to increase its mobile network resilience, maximise spectrum value, broaden its services and modernise its IT platforms.
CEO Shameel Joosub said in the annual report released Friday that investing in innovation is crucial to its strategy of diversifying revenue streams and expanding beyond mobile services.
In Egypt, spectrum was acquired, “augmenting Egypt’s leading spectrum position, which will support us in capturing the significant latent data demand in the country.”
This added to spectrum acquisitions in Mozambique, DRC and Tanzania over recent years, while substantially improving the group’s customer experience through network modernisation in Tanzania.
