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Vodacom Half-Year Profit Surges 25.7% on Africa-Wide Growth, Safaricom Deal
- On Tuesday, Vodacom reported headline earnings per share rose 25.7% to 587 cents for the half-year ending September 30, 2026.
- Safaricom's consolidation bolstered results after Vodacom increased its effective ownership stake in the Kenyan operator from 35% to 55% on June 30, 2026.
- Group revenue grew 25.6% to R102.5 billion , while financial services revenue almost doubled, rising 99.0% to R15.9 billion .
- The board declared an interim dividend of 355 cents per share payable on Monday, December 7, 2026, reflecting a policy balancing shareholder returns with debt reduction.
- Legal uncertainty persists after the Kenyan High Court voided the 15% stake sale to Vodacom's subsidiary on September 15, 2026; the company is appealing the ruling.
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Vodacom confident of overturning Kenya ruling as Safaricom boosts profit
South Africa's Vodacom Group said on Tuesday it was confident of succeeding in its bid to overturn a Kenyan court order to hand a 15% stake in Safaricom back to the state, as the unit helped boost first-half earnings by more than a quarter.
·London, United Kingdom
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Vodacom half-year profit surges 25.7% on Africa-wide growth, Safaricom deal
Mobile telecoms operator Vodacom Group reported a 25.7% jump in half-year profit on Tuesday, 10 November, helped by growth across its markets and a fuller contribution from Kenya's Safaricom following the acquisition of a further 20% stake.
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Total News Sources16
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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