Vodacom has an awkward R68m Maziv smile on its financial statements
Daily Maverick | 15.06.2026 23:46
The headline of Vodacom’s audited financial statements is that just under half (R6.282-billion) of the R12.642-billion Vodacom paid for a 30% share of Maziv – the proper collective noun of Vumatel and Dark Fibre Africa (DFA) – was a bet on future profitability. Finance bros call it “goodwill” because it’s a gesture that reflects how much the acquirer values the company above its underlying assets.
