공지 • Apr 07
Vodacom Group Limited to Report Fiscal Year 2026 Results on May 11, 2026 Vodacom Group Limited announced that they will report fiscal year 2026 results on May 11, 2026 공지 • Nov 20
Vodacom Reportedly in Talks to Add Stake in ZAR 157 Billion Safaricom Vodacom Group (Vodacom Group Limited) (JSE:VOD) is in talks with Kenya about potentially acquiring part of the government’s stake in Safaricom Ltd. (NASE:SCOM), according to people familiar with the matter. The Johannesburg-based company already owns 39.93% of East Africa’s largest listed company, and is considering increasing its stake in the business, although no final decisions have been made, according to one of the people, who asked to remain anonymous as the information is still private. A second person confirmed shareholding talks between the two. Vodacom and Safaricom declined to comment. Kenyan National Treasury officials were not immediately available to comment. Safaricom Kenya’s biggest wireless carrier with close to two-thirds of the country’s subscribers is valued at ZAR 157 billion. For the Kenyan government, selling some of its stake in the profitable business will assist with its efforts to raise revenue as it pushes to address growing debt costs and budget deficits. Vodacom previously increased its stake in Safaricom through an all-share deal with its UK parent Vodafone in 2017. Vodacom and Safaricom want to further expand M-Pesa, already Africa’s largest and fastest-growing mobile money business. 공지 • Oct 08
Vodacom Group Limited to Report First Half, 2026 Results on Nov 10, 2025 Vodacom Group Limited announced that they will report first half, 2026 results on Nov 10, 2025 공지 • Jul 22
Vodacom Group Limited Announces Social and Ethics Commitee Appointments Vodacom Group Limited at its meeting held on July 22, 2025 announced the appointment of Mr. KL Shuenyane, Ms NC Nqweni, Mr. SJ Macozoma, Mr. MS Aziz Joosub, Mr. JH Reiter, Ms LS Wood as members of Social and Ethics Commiteee. Declared Dividend • Nov 14
First half dividend of R2.85 announced Shareholders will receive a dividend of R2.85. Ex-date: 27th November 2024 Payment date: 2nd December 2024 Dividend yield will be 56%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
First half 2025 earnings released: EPS: R3.54 (vs R4.34 in 1H 2024) First half 2025 results: EPS: R3.54 (down from R4.34 in 1H 2024). Revenue: R73.5b (up 1.0% from 1H 2024). Net income: R6.84b (down 18% from 1H 2024). Profit margin: 9.3% (down from 12% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. 공지 • Oct 02
Vodacom Group Limited to Report Q2, 2025 Results on Nov 11, 2024 Vodacom Group Limited announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 17% over the past three years. 공지 • Jun 15
Vodacom Group Limited, Annual General Meeting, Jul 17, 2024 Vodacom Group Limited, Annual General Meeting, Jul 17, 2024. Location: vodacom world, 082 vodacom boulevard, midrand, johannesburg, South Africa Upcoming Dividend • Jun 12
Upcoming dividend of R2.85 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.0%). Declared Dividend • May 15
Final dividend of R2.85 announced Shareholders will receive a dividend of R2.85. Ex-date: 19th June 2024 Payment date: 24th June 2024 Dividend yield will be 67%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. 공지 • May 15
Vodacom Group Limited Declares Final Dividend in Respect of the Financial Year Ended 31 March 2024, Payable on 24 June 2024 Vodacom Group Limited announced that a gross final dividend number 30 of 285 cents per ordinary share in respect of the financial year ended 31 March 2024 has been declared payable on 24 June 2024 to shareholders recorded in the register at the close of business on 21 June 2024. This brings the full mass dividend to ZAR 5.90 per share, equating to ZAR 12.2 billion in cash paid. The number of ordinary shares in issue at the date of this declaration is 2,077,841,204. The ordinary dividend will be subject to a local dividend withholding tax rate of 20% which will result in a net final dividend to those shareholders not exempt from paying dividend withholding tax of 228 cents per ordinary share. The last day to trade shares cum dividend is 18 June 2024, shares commence trading ex-dividend is 19 June 2024, record date is 21 June 2024, and payment date is 24 June 2024. On 24 June 2024, the final dividend will be electronically transferred into the bank accounts of all certificated shareholders where this facility is available. Reported Earnings • May 13
Full year 2024 earnings released: EPS: R8.42 (vs R9.48 in FY 2023) Full year 2024 results: EPS: R8.42 (down from R9.48 in FY 2023). Revenue: R150.6b (up 26% from FY 2023). Net income: R16.3b (down 2.8% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. 공지 • Mar 27
Vodacom Group Limited to Report Fiscal Year 2024 Results on May 13, 2024 Vodacom Group Limited announced that they will report fiscal year 2024 results on May 13, 2024 공지 • Mar 13
Vodacom Group Limited Appoints Govinda Sateesh Kamath as Non-Executive Director, Effective March 15, 2024 Vodacom Group Limited announced that Govinda Sateesh Kamath will join the board of directors as a non-executive director with effect from 15 March 2024. Sateesh is the Global Finance Director Markets of Vodafone Group Plc, responsible for financial oversight of Vodafone's operations in Europe, Africa, and its joint ventures and associates in Asia. Prior to assuming this role, Sateesh held other senior financial roles in Vodafone including Regional Finance Director for Europe cluster, Global Financial Director for Vodafone Business and Regional Controller for Asia, Middle East and Africa. Sateesh was also Finance director of Vodacom Tanzania from May 2014 to 2016 and the Chief Financial Officer of Safaricom Plc from August 2016 to July 2020. During his tenure Safaricom saw a step change in M-Pesa product portfolio and revenues and digitization of operations, resulting in significant improvement in margins and market capitalisation. Before joining Vodafone in 2004, Sateesh held various senior financial roles in Coca-Cola Beverages and listed entities in India Amara Raja Batteries and Coats Viyella Limited. An Indian national, Sateesh holds a BCom (First Class Honours) from Mahatma Gandhi University and is a Qualified Accountant from the Institute of Cost and Works Accountants of India. He also holds a Practitioners Diploma in Executive Coaching from the Academy of Executive Coaching. Upcoming Dividend • Nov 24
Upcoming dividend of R3.05 per share at 6.3% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (7.9%). New Risk • Nov 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (14% increase in shares outstanding). 공지 • Nov 15
Vodacom Group Limited Announces Interim Dividend for the Six Months Ended 30 September 2023, Payable on 4 December 2023 Vodacom Group Limited announced that a gross interim dividend number 29 of 305 cents per ordinary share in respect of the six months ended 30 September 2023 has been declared payable on 4 December 2023 to shareholders recorded in the register at the close of business on 1 December 2023. Shares commence trading ex-dividend date is 29 November 2023. 공지 • Sep 20
Vodafone Group plc Announces Resignation of Ms Anna Dimitrova as A Non-Executive Director Vodafone Group Plc advised that Ms Anna Dimitrova, a non-executive director, has resigned and has stepped down from the Vodacom Board with effect from 15 September 2023. The Chairman thanks Anna for her valuable contribution during her tenure and wishes her well with her future endeavours. 공지 • Sep 13
Vodacom Group Limited Announces Change in Directorate and Constitution of Committee Vodacom Group Limited announced that Sunil Sood has tendered his resignation as a non-executive director of the board of directors ("Board") with effect from 5 October 2023. Joakim Reiter will join the Board with effect from 6 October 2023, and will also become a member of the Social and Ethics Committee, Joakim is the Chief External and Corporate Affairs Officer of Vodafone Group Plc, and a member of the Vodafone Group Plc Executive Committee. Joakim is responsible for public relations and corporate affairs, including policy and regulation, communications, security, sustainability and charitable activities. He is also currently on the board of the Swedish Space Corporation, Trustee of Vodafone Group Foundation, and fellow at the Royal Society of Arts, UK. Before joining Vodafone in April 2017, Joakim was the Assistant Secretary-General of the United Nations and the Deputy Secretary-General of the United Nations Conference on Trade and Development (UNCTAD). Prior to that, he spent more than 15 years in the foreign service of Sweden, including as Deputy Director-General of the Ministry of Foreign Affairs, Ambassador to the World Trade Organization and at the Permanent Representation to the European Union. Joakim also served as an EU negotiator with DG Trade at the European Commission. A Swedishnational, Joakim holds a Masters in Economics from the London School of Economics and a Masters in Political Science from Lund University. Upcoming Dividend • Jun 14
Upcoming dividend of R3.30 per share at 5.6% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (7.9%). 공지 • May 17
Vodacom Group Limited Announces Final Dividend for the Financial Year Ended 31 March 2023, Payable on 26 June 2023 Vodacom Group Limited announced that a gross final dividend number 28 of 330 cents per ordinary share in respect of the financial year ended 31 March 2023 has been declared payable on 26 June 2023 to shareholders recorded in the register at the close of business on 23 June 2023. The dividend will be subject to a local dividend withholding tax rate of 20% which will result in a net final dividend to those shareholders not exempt from paying dividend withholding tax of 264 cents per ordinary share. 공지 • Feb 17
Vodafone Mulls Options for Stake in Africa Unit Vodafone Group Public Limited Company (LSE:VOD) is considering options for its majority 65% stake in African mobile communications company Vodacom Group Limited (JSE:VOD) in a push to gain more value from the holding, Bloomberg reported. The British firm has tapped advisers and has just started considering options, such as a merger with peers, selling assets in certain markets or selling a stake in the business, according to insiders cited by the news agency. Shares in Vodacom were trading 6.57% higher at ZAC 13,300 as of 1231 GMT+2. The company’s market capitalisation stands at about ZAR 260 billion (USD 14.4 billion/EUR 13.4 billion). Vodacom has operations in Tanzania, the Democratic Republic of the Congo, Mozambique, Lesotho and Kenya. Its mobile networks cover a population of over 400 million people, according to the company’s website. Vodafone earlier in 2023 reached a binding agreement to sell its operations in Hungary for HUF 660 billion (USD 1.85 billion/EUR 1.73 billion) with the divestment proceeds to be used for deleveraging. Buying Opportunity • Jan 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be €8.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 36% in the next 2 years. Buying Opportunity • Dec 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €8.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 36% in the next 2 years. Upcoming Dividend • Nov 23
Upcoming dividend of R3.40 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 05 December 2022. Payout ratio and cash payout ratio are on the higher end at 80% and 91% respectively. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.5%). Reported Earnings • Nov 16
First half 2023 earnings released: EPS: R4.57 (vs R5.04 in 1H 2022) First half 2023 results: EPS: R4.57 (down from R5.04 in 1H 2022). Revenue: R53.7b (up 7.7% from 1H 2022). Net income: R7.74b (down 9.4% from 1H 2022). Profit margin: 14% (down from 17% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Nomkhita Nqweni was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공지 • Nov 03
Vodacom Group Limited, Annual General Meeting, Jul 20, 2023 Vodacom Group Limited, Annual General Meeting, Jul 20, 2023. 공지 • Aug 04
Vodacom Group Limited to Report Q1, 2024 Results on Jul 21, 2023 Vodacom Group Limited announced that they will report Q1, 2024 results on Jul 21, 2023 Upcoming Dividend • Jun 15
Upcoming dividend of R4.30 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 27 June 2022. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (6.8%). Reported Earnings • May 18
Full year 2022 earnings released: EPS: R10.13 (vs R9.78 in FY 2021) Full year 2022 results: EPS: R10.13 (up from R9.78 in FY 2021). Revenue: R102.7b (up 4.5% from FY 2021). Net income: R17.2b (up 3.5% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the next year, revenue is forecast to grow 28%, compared to a 1.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. 공지 • May 12
Vodacom South Africa Announces Executive Changes The Vodacom Group has announced the appointment of Sitho Mdlalose as managing director (MD) of Vodacom South Africa. Mdlalose's appointment comes after the group announced that Balesh Sharma (current Vodacom SA MD) will be stepping down at the end of June to pursue an external career opportunity. Mdlalose is currently MD of Vodacom Tanzania, a position he has held since August 2021. He will report directly to Vodacom Group CEO Shameel Joosub and will join the Vodacom Group executive committee. Mdlalose's successor in Tanzania will be announced in due course. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Anne O'Leary was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 24
Upcoming dividend of R4.20 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 06 December 2021. Trailing yield: 6.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (5.5%). Reported Earnings • Nov 21
First half 2022 earnings released: EPS R5.04 (vs R5.33 in 1H 2021) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2022 results: Revenue: R49.9b (up 4.2% from 1H 2021). Net income: R8.55b (down 5.4% from 1H 2021). Profit margin: 17% (down from 19% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Recent Insider Transactions • Aug 06
CEO & Executive Director recently sold €415k worth of stock On the 3rd of August, Mohamed Shameel Joosub sold around 52k shares on-market at roughly €8.02 per share. This was the largest sale by an insider in the last 3 months. This was Mohamed Shameel's only on-market trade for the last 12 months. Upcoming Dividend • Jun 16
Upcoming dividend of R4.10 per share Eligible shareholders must have bought the stock before 23 June 2021. Payment date: 28 June 2021. Trailing yield: 6.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (5.3%). Reported Earnings • Jun 15
Full year 2021 earnings released: EPS R9.78 (vs R9.39 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: R98.3b (up 8.3% from FY 2020). Net income: R16.6b (up 4.0% from FY 2020). Profit margin: 17% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • May 19
Full year 2021 earnings released: EPS R9.78 (vs R9.39 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: R98.3b (up 8.3% from FY 2020). Net income: R16.6b (up 4.0% from FY 2020). Profit margin: 17% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 공지 • Mar 06
YeboYethu (RF) Limited Appoints Vodacom Group Limited as Company Secretary with Effect from 5 March 2021 YeboYethu (RF) Limited announced that its Board has appointed Vodacom Group Limited as company secretary with effect from 5 March 2021. Is New 90 Day High Low • Feb 07
New 90-day high: €7.35 The company is up 11% from its price of €6.60 on 09 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.61 per share. 공지 • Jan 28
Vodafone Reportedly Weighs Up Disposal of Ghana Unit Vodafone Group Plc is exploring options for its controlling stake in Ghana Telecommunications Company Limited, including the potential sale to its majority-owned subsidiary, Vodacom Group Limited (JSE:VOD), as part of efforts to cut debt and restructure its African businesses, Bloomberg reported citing insiders. A deal of any kind would reportedly be subject to clearance by the government of Ghana, which owns the remaining 30% of the domestic telecoms firm. Vodafone has not yet made a firm decision on how to proceed with the holding, the sources cautioned. 공지 • Nov 27
Vodacom Group Limited Announces Directorate and Change in Committee Membership Vodacom Group Limited announced that Mr. Vivek Badrinath will step down from the Board with effect from 31 December 2020. Shareholders are further advised that Ms Anne O' Leary will join the Board as a non-executive director with effect from 1 January 2021. She is the CEO of Vodafone Ireland, a role she has held since 2013. Prior to that she was the Vodafone Business Director (2008-2013). Anne joined Vodafone from BT where she had been the managing director of BT Ireland from 2002 to 2008. Previously she held various senior executive roles at ESAT Telecoms, Golden Pages Advertising and Reuters London. Shareholders are advised that Mr. Khumo Shuenyane has assumed the role of chairman of the Social & Ethics Committee. He takes over from Mr. Saki Macozoma who remains a member of the Social & Ethics Committee. Is New 90 Day High Low • Nov 11
New 90-day high: €6.85 The company is up 9.0% from its price of €6.30 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.72 per share. Is New 90 Day High Low • Sep 23
New 90-day low: €6.00 The company is down 2.0% from its price of €6.15 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Wireless Telecom industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.91 per share. 공지 • Jul 30
Synergy Communications completed the acquisition of Enterprise focused operations in three markets of Vodacom Group Limited. Synergy Communications entered into an agreement to acquire Enterprise focused operations in three markets of Vodacom Group Limited on June 21, 2019. Deal involves business unit operations in Nigeria, Zambia and Cote d’Ivoire. Deal is subject to the approval of the regulatory authorities.
Synergy Communications completed the acquisition of Enterprise focused operations in three markets of Vodacom Group Limited on May 11, 2020. 
