-
[FILE IMAGE]: A branch of mobile communications provider Vodacom in Cape Town is shown in this picture taken November 10, 2015.
Vodacom has posted a 32.3% increase in interim profit with improved earnings.
However, despite strong financials from the group, a multi-million rand once-off payout to Nkosana Makate in relation to the “Please Call Me” matter has raised concerns among investors.
Stiff competition in the local market affected its South African operations.
Vodacom was able to declare an interim dividend of 330 cents per share owing to the positive headline earnings.
CEO Shameel Joosub says the results reflect solid execution and a more stable macroeconomic backdrop.
Video: Vodacom announces 32.3% increase in interim profit: Tshepo Mongoai
