EXCLUSIVE: While millions across Africa struggle to afford a loaf of bread, telecom GIANT Vodacom is REPORTING RECORD PROFITS, bragging about squeezing BILLIONS from the very consumers it’s leaving behind. Their latest obscene financial results reveal a chilling truth: the WIDENING GAP between corporate gluttony and public despair.
The numbers are a SCANDAL. Service revenue soared to a STAGGERING R34.6-billion, driven by what CEO Shameel Joosub euphemistically calls “sustained growth” in Egypt and the DRC. What he WON’T say is that this “growth” is extracted from populations trapped in economic hardship, now forced to rely on Vodacom’s mobile money for survival. The company processed over HALF A TRILLION DOLLARS in transactions, profiting from every micro-payment made by the destitute.
In South Africa, the mask slips completely. While contract revenue—from the wealthy—climbs, PREPAID REVENUE FROM THE POOR is “under pressure.” In plain English: the everyday user is being BLED DRY by promotional pricing schemes and impossible data costs, while Vodacom pivots to harvest their last cents through financial services. They now boast over 100 MILLION financial services customers, a damning metric of dependency.
This isn’t business. It’s a calculated MONOPOLIZATION of poverty. As one nation after another buckles under strain, a single corporate empire consolidates control over both communication and capital. The question is no longer about revenue targets—it’s about how long a continent will feed a beast that offers connectivity in exchange for its soul.
Author: Kayitsi.com
