Vodacom finalizes Safaricom takeover, lifts revenue and growth targets

Vodacom Group completed the acquisition of a controlling 55% stake in Kenya's Safaricom on 30 June, increasing its shareholding from 35% to 55% and marking a key milestone in its Vision 2030 strategy. The deal expands Vodacom’s footprint across faster‑growing African markets and raises the contribution of financial services to over 22% of group service revenue.

For the quarter ended 30 June 2026, Vodacom reported revenue of R42.4 billion, a 5.9% rise, with service revenue up 6.3% to R34.3 billion. Financial‑services revenue grew 17.8% to R4.5 billion, and mobile‑money platforms processed transactions worth US$547.9 billion over the past year. The group upgraded its medium‑term EBITDA and free‑cash‑flow growth targets to early‑teens and lifted its Vision 2030 revenue ambition from more than R200 billion to over R300 billion. CEO Shameel Joosub described the transaction as a defining moment that strengthens scale, diversification and long‑term growth prospects.