Jub Jub gunshots fired
A blast from the past. Media personality Jub Jub once faced a dangerous situation when gunshots were fired, leaving viewers worried for his safety. Jub Jub and his crew had to take cover as an angry mob attacked them in a Tembisa hostel, known for its dangerous reputation.
Despite the threats, Jub Jub continued the show, confronting a cheating girlfriend named Nhlanhla, who insulted and humiliated him during the confrontation.
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IN OTHER NEWS: Huge revenue boost for Vodacom
In the first quarter of the 2024 financial year, Vodacom experienced a significant increase in group revenue. The group revenue rose by 36.9% (5.3% in terms of normalised growth) to over R35 billion. This growth was influenced by the acquisition of Vodafone Egypt and rand depreciation against international currencies.
Vodafone Egypt played a major role in boosting revenue, particularly in financial services where revenue more than doubled. Successful Ramadan and summer campaigns also contributed to a 43.2% increase in data traffic.
Group service revenue showed substantial growth as well, increasing by 43.8% (9.9% excluding Vodafone Egypt). In South Africa, service revenue grew by 3.9%, driven by the contract segment, fixed, and financial services.
Vodacom has invested R4.0 billion over four years to mitigate the impacts of load shedding in South Africa, resulting in industry-leading network availability during power outages. This investment contributed to the 3.9% increase in service revenue in the country.
Financial services are a strategic priority for the group, leading to a remarkable 46.2% increase in revenue, surpassing the R3 billion mark in a quarter for the first time. The strong performance in South Africa and M-Pesa, along with new services like loans and merchant services, drove this growth.
Looking ahead, Vodacom is awaiting regulatory approval for a joint centre stake of up to 40% in MAZIV, a move that is expected to accelerate the group’s fiber reach in South Africa. The group’s new Ethiopian business, Safaricom Ethiopia, has also made significant progress since its commercial launch in October the previous year, with 2.7 million customers and plans to launch M-Pesa services in Q2.
Despite global economic uncertainty and increased inflation impacting customers’ financial constraints, Vodacom remains committed to delivering innovations that enhance customer value and alleviate cost of living pressures.
The company aims to pursue its purpose of connecting people for a better future and believes that executing its strategy has the potential to create significant economic value in the markets it operates in, helping to address inequality.
