Vodacom, SA’s biggest mobile phone operator, gave a cautious 2020 outlook on Monday, warning of pressure on consumers’ disposable income even as demand for its services surges during lockdowns.  

Vodacom, which rewarded shareholders with a R7.5bn dividend payout on R16.6bn net profit, is the latest SA company to temper its expectations as consumers and businesses hunker down for a prolonged economic downturn and job losses due to lockdowns and curfew measures to contain the spread of Covid-19...

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