Vodacom eyes AI data centres

Résumé détaillé

Group CEO Shameel Joosub reports strong first-half financial growth and strategic expansion, driven by diversification and AI readiness.

JIMMY MOYAHA: Vodacom Group Limited released interim results for the six months ended 30 September 2026.

The business saw an increase in revenues to the tune of 25%; operating profits were up 156% from this time last year; and the bulk of the heavy lifting from the business had to do with a number of factors beyond just increasing their customers to the 250 million mark.

They also made progress in their Safaricom deal, and we are going to take a closer look at that in more detail.

Read: Vodacom targets 17 Mpumalanga municipalities in network upgrade Vodacom seeks partners to build out AI data centres in Africa

I’m joined on the line by the company’s group chief executive officer, Shameel Joosub, to look at the performance of the business and see what we make of it. Uncle Shameel, lovely having you on the show, as always. Thanks so much for taking the time.

You had a strong start to the new financial year when we compare it to the previous financial year. I suppose in the day and age that we find ourselves in, a strong start is as good as a business can hope for.

SHAMEEL JOOSUB: Hundred percent. And I think it’s very important because of a combination of the strategy and everything coming together quite nicely in both geographical diversification and the product diversification that we embarked on five years ago.

JIMMY MOYAHA: Uncle Shameel, let’s take a closer look at that diversification and how it has panned out from a business perspective. The business is very intentional around its expansion in Africa – that Egypt business coming through for your Africa ambitions as well, the Safaricom transaction that we’ll get into in a moment.

Take us through the operations as they stand today and how that has benefitted the business this financial year.

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