Vodacom Group Reports 10.1% Revenue Growth for FY 2026
- Significant Revenue Growth: Vodacom Group reported a revenue of $10.18 billion (R167.7 billion) for FY 2026, reflecting a 10.1% increase, which underscores the company's robust performance amidst macroeconomic challenges and enhances its competitive edge in the African market.
- Subscriber Base Expansion: The group added 26 million customers (12.3%), reaching a total of 237.3 million, significantly exceeding its Vision 2030 target of 10 million, which has now been raised to 275 million, indicating successful customer acquisition strategies.
- Smartphone Rollout Initiative: Vodacom invested $1.44 billion (R23.6 billion) in FY 2026 to deploy 18.8 million smartphones, achieving a penetration rate of 68.6%, while its “Good As New” program boosted sales of certified pre-owned devices, enhancing user network experience.
- Strong Subsidiary Performance: Vodacom Egypt's service revenue and EBITDA grew by 36.2% and 44.5%, respectively, while Safaricom's service revenue increased by 11.5%, demonstrating the company's operational strength and profitability across its African markets.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0263 | 0.0428 | 0.0569 | 0.0735 | 0.0876 | 0.104 | 0.118 |
| Fibonacci | 0.0428 | 0.0545 | 0.0617 | 0.0735 | 0.0852 | 0.0924 | 0.104 |
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