Preshendran Odayar's questions to Vodacom Group Ltd / ADR (VDMCY) leadership • FY 2023
Question
Preshendran Odayar of Nedbank Group asked why Vodacom's South African service revenue growth didn't reflect a larger benefit from load-shedding investments, requested specific network uptime data, queried enterprise performance, and asked about Vodafone's ability to sell its entire stake.
Answer
CEO Shameel Joosub stated that network availability was high at 94-97% due to investments, boosting prepaid and postpaid performance, but prior-year one-offs impacted the headline growth figure. He also reiterated Vodafone's commitment, stating Vodacom is 'not for sale'. Head of Investor Relations JP Davids clarified that the Vodacom Business segment declined by mid-single digits in Q4, lapping strong prior-year comparatives.