Vodacom Group shares rose nearly 4% on the JSE after the mobile operator issued a trading statement projecting earnings per share growth of 20-25% for the financial year ended March 2026, reaching between R10.31 and R10.74. The strong guidance aligns with the company's Vision 2030 double-digit EBITDA growth target. Key strategic moves during the year included Vodafone Egypt securing additional spectrum and Vodacom acquiring a 30% stake in Maziv (parent of Vumatel and Dark Fibre Africa). A softer spot remains the South African mobile business, where prepaid pressure and competition from MTN and MVNOs limited service revenue growth to 2.2% at the half-year mark. Full-year results are due on 11 May 2026.
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