36 / 98
Expenses grew
2.4 ppts
below
revenue growth
ahead of our target
of
0.5 ppts
below
revenue growth.
Revenue
Group
revenue
7.5%
Expenses
Total
expenses
5.1%
Vodacom Group Limited
Integrated report for the year ended 31 March 2016
32
Strategy
Operations
Across our operations depressed currencies and higher interest rates
are putting upward pressure on our costs, as we expand our network
to support growing data and voice traffic. Given this operating context,
there is a strong drive to find innovative ways to reduce our costs and
maximise efficiencies.
Our strategic targets
Drive cost efficiencies in each of our
core mobile businesses to ensure
cost growth of 0.5 ppts lower than
revenue growth.
Our performance in 2016