Vodacom will take responsibility for the West African unit alongside others including Tanzania, Mozambique, DRC and SA
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed SA division in April, the latest step to bring the company’s operations on the continent under one roof.
The move marks the second change by Vodafone to its Africa operations in 2020, part of a wider effort to simplify the sprawling global carrier and focus management attention on fiercely competitive European markets. The changes add the kind of geographical reach that Vodacom could benefit from if the parent company eventually decides to sell down its 60% stake. Even if it doesn’t — Joosub said such a move is not on the cards — putting the African businesses under the same management may help Vodacom gain economies of scale.
The CEO was also awarded a place on Vodacom’s executive committee late in 2019, bringing him closer to the ear of Vodafone CEO Nick Read.Vodacom has shown interest in Ethiopia’s planned privatisation of its state-owned phone monopoly, which will involve the auction of two new licences and the sale of a minority stake in Ethio Telecom later in 2020.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merck spins off assets to focus on main growth drivers: cancer drugs, vaccinesWomen’s health unit, biosimilar drugs and other legacy products go into a separate publicly traded company
Read more »
Market data — February 6 2020Market data including bonds, unit trusts and fuel prices
Read more »
Anheuser-Busch InBev CFO Felipe Dutra to step downFernando Tennenbaum, financial boss of the group's Brazilian unit, will step into the role
Read more »
Oil prices slighly up on hopes of Opec+ supply cutsThe coronavirus is denting Chinese oil demand, which may fall by 3-million bpd
Read more »
Criminal charges to be dropped in Sars ‘rogue unit’ caseCharges are to be formally dropped in the case against former Sars employees in the so-called “rogue unit” case.
Read more »
Batohi withdraws charges against Sars ‘rogue unit’ trioIvan Pillay, Andries Janse van Rensburg and Johan van Loggerenberg have been cleared of all the charges against them.
Read more »