Vodacom South Africa grew revenue to R58.5 billion in the 2022 financial year, supported by a strong surge in customers buying prepaid airtime on credit.state the 3.8% service revenue growth over last year’s results was thanks to continued demand for connectivity, incremental wholesale revenue and growth in new services.
While the operator does not charge any interest on these bundles, they come with a service charge and are more expensive than buying with pre-loaded airtime. By 31 March 2022, Vodacom customers in South Africa reached around 45.46 million, up roughly 3% from the 44.06 million as of 31 March 2021.Including this segment, mobile contract customer revenue increased by 5.5% to R22 billion. Consumer contract revenue alone increased by just 1.5%.
Even that airtime advance product that is said to be a money spinner here, it was stolen from John Khaba.
Makate's money is making it rain
So half the country owes Makate. 🤔
You say there is no interest, but you charge R1 for every R10 so no matter what terminology you use, the 'service' has a 10% charge.
Wow!
Because almost all of Vodacom bundles are just too expensive.