Close X

Generate your own report
Download FY2026 Integrated report

Generate your own report

Close X
Introduction
Our governance
Our business
Our capitals performance
Additional financial information
Administration
Consolidated financial statements
Separate financial statements
Addendum A:

Welcome to our integrated reporting suite

for the year ended 31 March 2026

Designed for accessibility and ease of use, the suite brings together our Integrated report and supporting disclosures, aiming to meet the diverse needs of Vodacom Group Limited’s stakeholders, enabling stakeholders to explore the drivers of our long-term value creation.

Further together logo
Download icon

Vodacom
at a glance

We provide a holistic view of our business model, strategy, governance and key risks and opportunities, alongside insights into how we strengthen connectivity, expand digital and financial inclusion, and contribute to sustainable socio-economic development across our markets.

At glance highlights
Empowering people Protecting the planet Maintaning trust MM MM MM MM MM Connect for a better future image

What success looks like as our strategy evolves

Partnering with purpose

Our strategic alliances allow us to leverage the power of technology to connect, empower and protect. Through these partnerships, we are increasing connectivity, supporting digital and financial inclusion and promoting solutions that can contribute towards environmental sustainability.

Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo Partner logo

Our investment case

Our value creation potential is aligned with our purpose – to connect for a better future. By delivering an integrated ecosystem of products and services, we create enduring impact across our markets while driving growth and financial performance that underpin sustainable shareholder returns.

Structural growth opportunities in our markets, together with our market leadership, support the delivery of an attractive ROCE. As a critical infrastructure owner, we play an essential role in expanding digital inclusion and enabling economic progress.

1
Meaningful growth opportunities exist in our markets across connectivity, digital and financial services
Our investment case table
2
Our market leadership supports attractive ROCE
3
Differentiated exposure to FinTech
4
We are an infrastructure and asset owner
5
We are a responsible corporate citizen
Read more Download icon Download icon
Interactive button image
Saki Macozoma Saki Macozoma
Shameel Joosub Shameel Joosub
Raisibe Morathi Raisibe Morathi
Phuthi Mahanyele-Dabengwa Phuthi Mahanyele-Dabengwa
Khumo Shuenyane Khumo Shuenyane

Statement from our Chairman  Download icon

Saki Macozoma Our purpose – to connect for a better future – is deeply embedded in how Vodacom operates and guides our strategic decisions and engagements with customers, communities and shareholders alike. By leveraging scale, capabilities and partnerships, the Group continued to address societal needs during the year, creating value across our three purpose pillars – empowering people, protecting the planet and maintaining trust.

Statement from our CEO  Download icon

Shameel Joosub Reflecting on our achievements during the first year of the Vision 2030 strategy – the System of Advantage – FY2026 marks a defining and energising start towards the successful delivery of medium-term targets. This year represents both continuity and acceleration – staying true to what has served us well, while confidently stepping into the next chapter of our growth journey.

Statement from our CFO  Download icon

Raisibe Morathi I am proud to reflect on our FY2026 results, which mark a strong start to Vision 2030. With headline earnings and free cash flow growing by more than 20%, the benefits of our revenue and geographic diversification are apparent, even amid a complex and dynamic macroeconomic environment. Pleasingly, our strong commercial momentum has positioned us to upgrade our Vision 2030 customer aspirations and confirm our medium-term targets.

Statement from our RemCo Chairman  Download icon

Phuthi Mahanyele-Dabengwa I am pleased to present, on behalf of the Board, Vodacom Group’s FY2026 remuneration report. This report includes our remuneration philosophy and policy for both executive directors and NEDs. It details how our policies were applied and the remuneration provided to executive directors and NEDs during the past financial year.

Remuneration report Download icon Download icon

Statement from our SEC Chairman

Khumo Shuenyane Our purpose is deeply embedded in how Vodacom operates, guiding the Group’s strategic execution, through which we create value across our purpose pillars - empowering people, protecting the planet and maintaining trust.

ESG report Download icon Download icon

Generate your own report

Introduction
Our governance
Our business
Our capitals performance
Additional financial information
Administration
Consolidated financial statements
Separate financial statements
Addendum A:

How we create value

Download icon

Our purpose-driven approach to value creation

Our technological solutions connect customers across our African footprint to the world. Connectivity paves the way for a better future by providing access to digital and financial services. Underpinned by our strategy – the System of Advantage – our knowledge, extensive presence and scale enable us to play a crucial part in the continent’s socioeconomic development, addressing challenges like inequality, unemployment and poverty.

Governance oversight

Sound governance and acting ethically, lawfully and with integrity form a critical part of sustainable value creation and our long-term success.

Download icon

Where we create value

Investment case map

Our success depends on adapting to and positively influencing our operating context.

Read more about our operating context in the following sections:

Hot topics and emerging risks

Download icon
  • Leveraging demographic shifts in Africa
  • Navigating political developments, electoral dynamics and operational risk
  • Managing economic conditions amid regional conflicts
  • Leveraging AI and emerging technologies
  • Supporting customer data privacy and protection, cyber security and trust
  • Scaling technology through partnerships, sharing and new sources of funding
  • Increasing connectivity while managing our network resilience and climate transition plan
  • Growing fibre footprint through strategic partnerships
  • Please Call Me legal resolution
  • Proposed acquisition of controlling interest in Safaricom

Our principal risks and opportunities

Download icon
  1. List number icon Cyber threat
  2. List number icon Unstable economic and market conditions
  3. List number icon Energy resilience and impact on environment
  4. List number icon Supply chain disruption
  5. List number icon Taxation, regulatory and compliance pressures
  6. List number icon Technology failure and future readiness
  7. List number icon Financial services platform resilience
  8. List number icon Market disruption
  9. List number icon Execution of strategic projects for future growth
  10. List number icon Spectrum and licensing
Arrow top icon