JOHANNESBURG (Reuters) - Vodacom Group plans to create a ‘super app’ in partnership with digital payment provider Alipay, part of China’s Alibaba group, to allow consumers in South Africa to...
Telecommunications group Vodacom has announced a partnership with ANT Group that is set to be revolutionising the South African payments and lifestyle landscape. Joining CNBC Africa for more is Shameel Joosub, CEO of Vodacom Group.
Stephen Meintjes, Head of Research at Momentum Securities says that his top stock picks amid the Covid-19 crisis is Naspers and Prosus, exception stocks such as Afrimat and Raubex and the Telco’s sector big players Vodacom and MTN as there was an increase in demand for online and data consumption during lockdown.
South African mobile operator Vodacom Group reported a 8.9% rise in annual earnings on Monday, buoyed by an improved second half performance in its domestic market and the sustained growth of its international businesses.
South Africa’s largest telecoms operator, Vodacom is spending half a billion rand to improve its network capacity over the next two months. This follows a spike in data traffic since the 21 day lockdown, which has now been extended to the end of April. For more the detail on expected returns from this investment, CNBC Africa spoke to Andries Delport, Chief Technology Officer at the Vodacom Group.
Kenya’s top telecoms operator Safaricom has seen a 70% surge in data usage as people stay at home to curb the spread of the new coronavirus, it said on Tuesday.
Safaricom and Vodacom recently announced the completion of the acquisition of the M-pesa brand as well as product development and support services from Vodafone through a newly created joint venture. This move is expected to accelerate M-pesa's growth in Africa. Sitoyo Lopokoiyit, Safaricom Chief Officer for Financial Services joins CNBC Africa for more.
South African insurance company Discovery and mobile operator Vodacom are teaming up to offer a free, online doctor consultation service to all South Africans with coronavirus-related concerns.