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<\/a><\/p>\nGroup chief financial officer Till Streichert, who is stepping down from the company this year, received a salary paid out in pounds: \u00a31.24 million (R26.7 million) – an increase of 11.5% from 2019.<\/p>\n
Streichert will leave the company in June 2020 \u201cto pursue an external opportunity outside of Vodacom\u201d, the group said.<\/p>\n
Vodacom also paid out R10 million in salaries to non-executive directors, up from the R9.7 million paid out in 2019. This includes a R2.87 million salary for group chairman, Phillip Jabulani Moleketi.<\/p>\n Financial performance<\/strong><\/p>\n Vodacom in May reported a 4.8% rise in revenue for the year ended March 2020, to R90.75 billion, while adding 5.9 million customers, to serve a combined 116 million customers across the group.<\/p>\n The results came at a time when the country was still in a phased lockdown period to combat the impact of the Covid-19 pandemic, but reflected results to just the first week into the lockdown.<\/p>\n Group operating profit climbed 13.2% to R27.7 billion, while headline earnings per share (HEPS) was up 8.9%, to R19.45.<\/p>\n Total financial services customers climbed 12.8%, to 53.2 million, adding 6 million customers in the year, it said.<\/p>\n South Africa revenue was up 2.2% to R52.7 billion, with data usage elasticity supporting recovery to growth in the second half.<\/p>\n Vodacom declared a final dividend of 405 cents per share.<\/p>\n Joosub said at the time that the results reflected a year of strong growth for the company.<\/p>\n \u201cThe past year has been characterised by strong customer growth \u2013 we now connect 116 million customers across the group, including Safaricom \u2013 and the benefits of prudent portfolio diversification,\u201d he said.<\/p>\n At the end of May, Vodacom announced that it has simplified its structure following the recent expansion of its African portfolio, and accelerated growth ambitions on the continent, including financial and digital services.<\/p>\n Vodacom South Africa as a result, will operate as a standalone company with its own managing director, Balesh Sharma.<\/p>\n<\/a><\/p>\n<\/a><\/p>\n