Vodacom's results for the six months ended 30 September 2017 show that its earnings before interest and tax (EBIT) margin in South Africa has declined.
Capital expenditure was ZAR 5.4 billion, representing 12.8 percent of revenue, and headline earnings per share (HEPS) was up 1.1 percent to ZAR 4.45 per share. 4G customers on its network increased 62.8% to 6.0 million, while the average monthly data usage on smart devices increased 19.5% to 776MB.
In addition to increasing data network speeds and improving data coverage, the group said it retained a strong focus on providing customers with access to better, low-priced smart devices, by promoting Vodacom-branded devices.
The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in its global operations, to reach just over 71 million customers, up 11.8 percent.
Data bundle sales grew by 55.5% to 347 million, and the group said it has introduced new initiatives to improve the customer experience on out-of-bundle-data spend, and is "driving data-usage education to give customers more control".
According to the group, the biggest stumbling block behind high data prices remained the limited spectrum available to it.
Vodacom said Tanzania remains the leader in global operations with 61.7% of customers using M-Pesa. "On October 1, 2017, we further reduced out-of-bundle prices by up to 50%", he said. Service revenue declined by 4.8 percent to ZAR 8.3 billion in the first half; normalised for currency translation effects, growth was 5.5 percent.
"Without new spectrum we are forced to build more base stations to meet data growth demand".
Vodacom invested R3.9bn in its network and IT systems in South Africa in the six-month period.
Vodacom South Africa added 356 000 data customers to 19.9m, up 9.6% and now making up half the customer base.
"Additional spectrum will allow us to invest more efficiently and accelerate our rural coverage programme".
Customer growth for this service remains strong with 56% of customers using the service in Mozambique, 35.3% in Lesotho and 22.2% in the DRC. Exchange rate volatility continues to dent reported growth in worldwide operations. M-Pesa revenue grew 14%.
The telco added that its revenues from M-Pesa rose 14%. "Tanzania remains the leader in global operations with 61.7% of customers using M-Pesa", the report read.
Vodacom expected the Safaricom transaction to further drive M-Pesa development and penetration outside of South Africa.
He was charged at 10.10pm that night and "in reply to the charge after caution he had no reply to make", Sgt Hoare said. The husband of a French woman killed in Dublin city centre last month has been in court charged with her murder.
The stock is now moving below its 20-Day Simple Moving Average of -7.4% with a 50-Day Simple Moving Average of -13.64 percent. Finally, Majedie Asset Management Ltd raised its stake in shares of Barrick Gold Corporation by 7.8% in the second quarter.
Two people were killed and two others wounded after gunfire broke out at a Cousin Stizz show in Atlanta last night (November 12). Cousin Stizz , who released his new mixtape One Night Only this summer, said he was "completely heartbroken" by the incident.
Another reason for the restriction maybe because of the fear of terrorist attacks on the area, the people and the temple. Once the 50,000 limit is reached, devotees will be stopped either in Ardhkuwari or in Katra town, NDTV reported.
It's not acceptable so I apologise for that and I'll find a different way to express my frustration in the future", said Jones. We wanted to keep a clean sheet so to concede that try at the end is disappointing".
Over the last five days, shares have faced -0.29% losses and now is up 1.98% since hitting its 200-day moving average of $80.94. Wall Street is only getting more bearish on the stock, with 6 of analysts who cover XOM having a buy-equivalent rating.
Sale proceeds will be used to reduce Shell's net debt, Jessica Uhl, chief financial officer of Shell, said in the statement. The sale of assets is aimed to simplify Shell's upstream portfolio following the acquisition of BG Group for $70bn.
Bakayoko's suggestion that Kante is no better than him did not go down particularly well with Chelsea fans on social media. The midfield enforcer believes he is just as good as the players selected by Les Bleus boss Didier Deschamps .
The source added: "The Hype Park gig is likely to be his only United Kingdom show in 2018". Tickets for the concert start at €89.50 and go on sale this Friday November 17th at 9am.
Toddler survives crash on I-94; four others dead
Four people inside ranging in age from 18 to 25 years and who were not wearing seatbelts died instantly, police said. The highway reopened at 7 a.m., Detroit News reported citing the Michigan Department of Transportation.
Cisco Systems, Inc. (CSCO) - Active Stock Review
Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. (NASDAQ:CSCO). 57,617 are held by Jarislowsky Fraser. Its up 0.14, from 1.04 in 2017Q1. (NASDAQ:CSCO) for 1.69 million shares. 111 funds opened positions while 694 raised stakes.
ESPN SportsCenter On Snapchat Brings New Shows Twice A Day
Emmy-winning on-air host Katie Nolan, who ESPN recently snatched up, will host the first SportsCenter on Snapchat series. The cable network is launching a twice daily version of SportsCenter that will stream exclusively on Snapchat .
Kentucky small plane crash leaves 4 dead
Hodges described the state of the plane, saying it looks to have hit some tree tops before being halted by one of the trees. The Federal Aviation Administration says in a statement that a Piper PA32 crashed near Glasgow at 2:21 p.m.
Freeport-McMoRan Inc. (FCX), Xunlei Limited (XNET)
TRMB's profit will be $78.46M for 32.56 P/E if the $0.31 EPS becomes a reality. 1,334 were reported by Cornerstone Advisors. ValuEngine raised Freeport-McMoran from a "hold" rating to a "buy" rating in a research report on Thursday, August 31st.
(OXY) Holdings Cut by Candriam Luxembourg SCA
The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of ($0.18). Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
Italy lose to Sweden in World Cup play-off first leg
"We are Italy and, if we qualify, I would like to be able to say that we did it by playing football", Ventura told reporters. The match has an added significance for Buffon, who is set to retire at the end of the season.
Judges bribery case: 3-judge SC bench reserves order
Justice Mishra said the November 10 Constitution Bench was "unprecedented" because the November 9 order itself was unprecedented. Supreme Court judge Arun Mishra on Monday said the entire country is "doubting the credibility" of the justice system.