How Vodacom is adapting to the current trading environment
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Vodacom has bounced back from the once-off hit related to its BEE transaction largely supported by the group's international portfolio where revenue grew nearly 16% offsetting a decline in revenue generated from its domestic market. The group plans to expand M-Pesa internationally along with its Financial Services and Digital Lifestyle businesses in South Africa with the expectation that it will increasingly contribute to revenue growth. In the meantime, profit has jumped by 19%. Company's CEO, Shameel Joosub spoke to Business Day TV about the numbers.