BUSINESS ANALYSIS: Vodacom has an awkward R68m Maziv smile on its financial statements (opens original article in a new tab)

Vodacom acquired a 30% stake in Maziv for R12.642-billion, boosting its fibre market share but facing challenges in profitability and regulatory constraints.

• Vodacom paid R12.642-billion for a 30% stake in Maziv, with R6.282-billion classified as goodwill.
• The deal increased Vodacom's fibre market share to 34.5% in fibre-to-the-home and 35% in fibre-to-the-tower markets.
• Maziv must invest R12-billion in infrastructure over five years, including 75% in new fibre networks, and provide free high-speed internet to public institutions.