Vodacom

Vodacom is a pan-African mobile telecommunications company, and was the first cellular network in South Africa. It provides GSM service to more than 35 million customers in South Africa, Tanzania, Lesotho, Mozambique and the Democratic Republic of the Congo. Revenue for the year ended 31 March 2008 was 48.178 billion South African Rand.

It was owned on a 50:50 basis by the South African telecommunications group Telkom and the British mobile phone operator Vodafone. On 6 November 2008 Vodafone announced that it had agreed to increase its stake to 65%, and Telkom said that it would spin off its remaining holding by listing it on the Johannesburg Stock Exchange.

Vodacom is the leading cellular network in South Africa with an estimated market share of 58% and more than 23 million customers.

An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks finish up 2 pct on late rally

South African stocks surged more than 2 percent on Monday, buoyed by a last-minute short covering on mixed news out of Europe, while gold miners such as Harmony Gold were lifted by stronger bullion.
Vodacom

Vodacom says partner aims to block DRC stake sale

Vodacom's joint venture partner in the Democratic Republic of Congo has filed court papers to block the pan-African operator from selling its majority stake in the unit, a spokesman for the South African company said on Friday.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

Miners lead S.African stocks higher

South African stocks ended sharply higher on Friday, booking their third straight day of gains, with miners among the top performers as commodity prices cruised higher.