Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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UPDATE 1-S.Africa's Vodacom posts slight rise in Q3 revenue

Wed, 06th Feb 2013 05:39

* Q3 group revenue 18.3 bln rand

* Boosts active users to 51 mln

JOHANNESBURG, Feb 6 (Reuters) - South Africa's dominantmobile operator, Vodacom Group Ltd, reported a 1.7percent increase in third-quarter revenue on Wednesday as itboosted the number of active customers.

The South African unit of Britain's Vodafone Group Plc, is fighting to maintain its market share in its keySouth African market and is keen to increase operations on thecontinent to diversify income.

The carrier said group revenue for the three months toend-December came in at 18.3 billion rand ($2.07 billion) from18 billion rand the same period last year.

Active customers were up 12.2 percent to 51 million, thecompany said.

Vodacom is dwarfed on the continent by South African rivalMTN Group Ltd and India's Bharti Airtel Ltd.

Vodacom shares are down 2 percent so far this year, lagginga 4 percent rise in the JSE Top 40 index.

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