From Johannesburg’s (S.A) Vodacom Group Limited, the largest
provider of mobile services to South Africans plans almost to double the share
of revenue from other countries within four years, according to Chief Executive
Officer Pieter Uys.
He said they are running their African Business much better
compared to two years ago. He said to the Johannesburg Today magazine reporter
that “that is now paying off”. Vodacom, 65 percent is owned by Vodafone Group
Plc (VOD), spent 37 percent more on capital investments in the year through
march to expand capacity on its networks.
Sales from Democratic Republic of Congo, Mozambique,
Tanzania and Lesotho should increase to 30 percent of total revenue by 2016,
from 18 percent no, the CEO said.
The provider of wireless services said today that it boosted
customer numbers 29 percent to 50 million in the fiscal first quarter even as
small competitors tried to lure away business in its home market by offering
discounts.
Sales advanced 9.3 percent to 17 billion rand ($2 Billion)
in the three month through June compared to the year earlier. Vodacom rose 2
percent to 91.84 rand, the biggest increase in almost two months, at the close
of trading in Johannesburg.