Vodacom Group CEO Shameel Joosub has offloaded shares within the firm he leads for R20-million.
In a inventory trade information service assertion on Thursday, Vodacom disclosed that Joosub cashed in on the sale of 165 809 shares in two separate tranches, one on Tuesday for about R8.2-million and the second on Wednesday for roughly R11.8-million.
He offered the shares at an efficient common value per Vodacom share of simply above R120.
After an prolonged interval of underperformance in Vodacom’s share between early 2022 and mid-2024, when it bottomed out at R85.44, it has appreciated sharply. Prior to now six months, it has added 22% to its worth, and over 12 months it’s up by 30%.
Learn: Vodacom processing R23-billion/day in cell cash transactions
Crosstown rival MTN Group has additionally seen a pickup in its share value because the starting of the yr, including 27% to its worth in that point. Yr so far, Vodacom is up by about 19%. – © 2025 NewsCentral Media
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