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Vodacom achieves five-year strategy targets and increases the 2025 dividend by 5.1%

The Star

|

May 20, 2025

VODACOM Group met five-year targets and lifted its full-year dividend 5.1% to 620 cents a share, even though it served 9.2 million fewer customers in the year to March 31.

- EDWARD WEST

South Africa's second biggest mobile network operator has also upgraded its medium-term operational earnings growth targets.

CEO Shameel Joosub said Monday normalised earnings before interest, tax, depreciation and amortisation increased 7.8% to R55.52 billion in the past year and that the five-year target for this metric had been adjusted to double-digit figures from high single-digit figures.

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