Vodacom full-year earnings lower on Ethiopian start-up costs
13 May 2024 - 07:46
UPDATED 13 May 2024 - 21:10
Vodacom delivered a tough earnings report on Monday, highlighting the delicate balance between risk and reward that companies operating in Africa’s frontier markets face in the pursuit of growth.
Despite pushing up group revenue by a quarter, an impressive achievement in any sector, there were one-off costs, currency devaluations and high borrowing costs...
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