Vodacom profits, data revenue grow. Calls for WhatsApp regulation

South African mobile phone operator Vodacom on Monday reported a 6% rise in half-year profit, buoyed by sharp growth in data revenue.

Data revenue was up 33.5% as Vodacom increased 4G coverage in its home market, the company said.

Shares in Vodacom were up 1.52%.

In a Fin24 interview on Monday Vodacom CEO Shameel Joosub voiced his concerns about how apps such as WhatsApp are eating into Vodacom’s profits.

Joosub says Vodacom does not intend on blocking WhatsApp, but called for increased regulation from the Independent Communications Authority of South Africa.

The Money Show’s Bruce Whitfield interviewed Joosub.

Scroll down for quotes from the audio below.

I think MTN remains quite focussed on its operations in South Africa.

Shameel Joosub, Vodacom CEO

We operate in Nigeria.

Shameel Joosub, Vodacom CEO

Nigeria is a lucrative market, but assets there are expensive and there aren’t any sellers.

Shameel Joosub, Vodacom CEO

MTN’s fine is unheard of. I’m sure they'll find a solution.

Shameel Joosub, Vodacom CEO

Telkom’s bid for Cell C was a badly kept secret. It will be an incredible competitor.

Shameel Joosub, Vodacom CEO

South Africa is desperately in need of more fixed-line investment.

Shameel Joosub, Vodacom CEO

We help customers to get on the right data plan.

Shameel Joosub, Vodacom CEO

If you don’t close your apps, it’ll use up your data.

Shameel Joosub, Vodacom CEO

We’re focussing on opportunities in our existing markets.

Shameel Joosub, Vodacom CEO

We will increasingly focus on content such as video on demand and music streaming.

Shameel Joosub, Vodacom CEO

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Vodacom profits, data revenue grow. Calls for WhatsApp regulation


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Sibanye-Stillwater to buy Lonmin

Sibanye-Stillwater to buy Lonmin

The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

What you must learn from the Steinhoff and EOH share price collapses

What you must learn from the Steinhoff and EOH share price collapses

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Vodacom launches first commercial voice over Wi-Fi calls in South Africa

Vodacom launches first commercial voice over Wi-Fi calls in South Africa

Voice over WiFi uses the built-in voice dialling feature and a normal cellphone number to make a call.

Why Vodacom (not MTN or Cell C) is a great investment right now

Why Vodacom (not MTN or Cell C) is a great investment right now

Looking for a great investment? An analyst picks the hottest stocks on the Johannesburg Stock Exchange this week.

Vodacom is unilaterally hiking existing contract tariffs. Is this legal?

Vodacom is unilaterally hiking existing contract tariffs. Is this legal?

Vodacom will unilaterally hike some of its voice and data contract tariffs on 1 May. Is this legal? Vodacom explains…

Popular articles
Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

France exploring ways to assist City of Cape Town with water crisis

France exploring ways to assist City of Cape Town with water crisis

Xanthea Limberg says no formal agreement has been reached but it looks forward to talks and learning more from France.

'ANC may split if Dlamini-Zuma is elected leader'

'ANC may split if Dlamini-Zuma is elected leader'

Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.

'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.