Question · Q4 2023
Vikhyat from RMB Morgan Stanley asked for more details on the device financing models mentioned in the presentation, questioning if they apply across the portfolio and how they might impact EBITDA margins.
Answer
CEO Shameel Joosub clarified that the device financing opportunity is designed to increase smartphone penetration from the current 40% of the customer base. He stressed that it will use 'third-party funding' to avoid impacting Vodacom's balance sheet. The model aims to make devices affordable through daily repayment bundles, which in turn accelerates data and financial services growth via the super-app ecosystem.