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    Louise Radcliffe

    Research Analyst at Investec

    Louise Radcliffe's questions to Vodacom Group Ltd / ADR (VDMCY) leadership

    Louise Radcliffe's questions to Vodacom Group Ltd / ADR (VDMCY) leadership • Q4 2023

    Question

    Louise Radcliffe of Investec asked how Vodacom's network is prepared to handle load-shedding beyond Stage 6 and a total grid failure, how this affects CapEx replacement cycles, and what specific cost-saving initiatives are being targeted to keep expense growth below inflation.

    Answer

    CFO Raisibe Morathi explained that ongoing investment in battery capacity (4-8 hours) and generators should manage the situation within the existing 13-14.5% CapEx intensity guidance, aided by network sharing. She detailed cost initiatives including renegotiating supplier contracts, digitizing processes with RPA, moving FX-denominated spend to local currency, and continuing the 'fit for growth' program.

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    Louise Radcliffe's questions to VOD.JO leadership

    Louise Radcliffe's questions to VOD.JO leadership • FY 2023

    Question

    Louise Radcliffe from Investec asked about the network's capacity to handle severe load-shedding, the impact on CapEx replacement cycles, and specific cost-saving initiatives being targeted in South Africa.

    Answer

    CFO Raisibe Morathi explained that ongoing investments in battery capacity and generators, along with network sharing, will keep CapEx within the 13-14.5% intensity target. She detailed cost initiatives including renegotiating supplier contracts, digitizing processes, and shifting from FX-denominated spending.

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