Around Africa in seven stories

South African telco Vodacom has recorded a revenue rise of 4.8 percent for the financial year ending March 31, 2020.

It turned over R90.7 billion for the year, a figure which represents an 8.9 percent increase in headline earnings per share to 945cps and a dividend return of 845cps to shareholders.

Shameel Joosub, Vodacom Group CEO commented: “The past year has been characterised by strong customer growth – we now connect 116 million customers across the Group, including Safaricom – and the benefits of prudent portfolio diversification.

“In South Africa, sharp data price reductions, specifically out-of-bundle data rates, announced in the first quarter led to a steady increase in data traffic as the year progressed with 1.9 million more data customers connecting to the Vodacom network, a 9.7 percent increase to 21.9 million.”