Vodacom expects strong growth in earnings

Vodacom has dazzled the market, saying its profits will rise by 25 percent. Shares in the telecoms giant rose by more than 5 percent on the news on Monday. Vodacom released the trading statement in line with JSE rules, which require companies to alert shareholders when results are expected to differ by at least 20 percent. Market analyst, Kea Nonyana, says Egypt appears to be the standout market for Vodacom. #enca #dstv403