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A Vodacom-owned company’s U.S. subsidiary is being sued in the Eastern District of Texas for allegedly failing to honour the compensation agreements of two executives headhunted by the company.
Vodacom’s Group CEO saw his income tax bill increase by 75% from R35.3 million last year.
Vodacom indirectly revealed that it spent around R7.7 million on CEO Shameel Joosub’s personal security detail, which he had to pay tax on.
Vodacom announced on Monday that it expected its annual results next week to reflect 20% to 25% higher earnings per share than last year.
The Top Employers Institute has recognised the Vodacom Group with the accolade for the third consecutive year.
Vodacom says its collaboration with Google Cloud will help accelerate its digital transformation in Africa.
Vodacom Group CEO Shameel Joosub has called for collaboration to provide meaningful Internet connectivity in Africa, which he explains has the potential to literally save lives.