Vodacom lifts long-term targets as financial services grow

Vodacom raised its 2030 customer target to 275 million as financial services grow. The group is also hedging fuel costs to mitigate energy supply risks.

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Vodacom Group raised its 2030 customer target to 275 million after reaching 237.3 million users in March. The new goal exceeds the previous 260 million target as the operator expands its financial services footprint across South Africa. Investors are tracking the shift toward digital lending and payments to offset capital-intensive traditional mobile infrastructure costs.

Banking on Digital Wallets and M-Pesa

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