As telecommunications giant Vodacom Group wraps the quarter ended June 30 with growth, the completion of its acquisition of a controlling stake in Safaricom marked a defining moment for the group. In a trading update for the quarter ended June 30, Vodacom Group CEO Shameel Joosub on Monday highlighted that the Safaricom transaction was completed effective June 30, increasing the company’s shareholding from 35% to 55%.

Vodacom is ending its long-standing reputation as one of South Africa's most generous dividend-paying companies, choosing instead...

The company kicks off its 2027 financial year with stronger revenue growth, buoyed by an improving performance in South Africa and continued momentum in Egypt.