South Africa Highlights
Targets | Medium-term targets reiterated
Targets
Considerations
Group service revenue growth
mid-to-high single digit
The macro-outlook remains uncertain,
FX volatility remains a risk
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Group EBITDA growth
high single digit
Safaricom Plc raised Kenya and Group guidance,
confirmed peak EBITDA losses for Ethiopia in FY24
Group capital intensity ratio
13.0% to 14.5% of Group revenue
Pro-forma EBITDA growth expected to
accelerate in the second half
These targets are on average, over the next three years, and are on a normalised basis in constant currency, based on prevailing economic conditions, including Vodafone Egypt but
excluding spectrum purchases, exceptional items and the acquisition of a joint-control stake in MAZIV.
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