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Key resources
Howwe sustain value
Investing in the resources and relationships impacting value
People, culture and governance
Human and intellectual capital
The technical and managerial skills, productivity and wellbeing of our
people – coupled with a company culture and governance systems that
foster innovation and compliance – are critical to our long-term success.
Investing in our people is one of the most significant costs to our business.
Quality relationships with key stakeholders
Social and relationship capital
A positive reputation and quality relationship with customers, regulators,
investors, suppliers and communities is the foundation of our ability to
generate revenue. Maintaining quality relationships across all stakeholders
may require trade-offs as we seek to address sometimes competing
stakeholder interests.
Network and IT infrastructure
Manufactured capital
Our network infrastructure, data centres, distribution infrastructure and
software applications are an important source of competitive differentiation.
Investing in building and maintaining this infrastructure requires significant
financial capital, and appropriate levels of human and intellectual capital.
Financial capital
Financial capital
– which includes shareholders’ equity, debt and
reinvested capital – is a critical input in executing our business activities and
in generating, accessing and deploying other forms of capital. Balancing the
short-term interests of investors with longer term growth objectives, and
with some of the interests of other stakeholder groups, remains an
important objective.
Natural resources
Natural capital
We require natural capital such as land and energy to deploy and operate
our manufactured capital. Accessing these inputs diminishes financial and
natural capital, the impact of which is lowered through energy efficiency
initiatives and site sharing.
7 587 employees.
Trusted employee relations.
Sound compliance and
governance systems.
Technical and managerial
skills.
66.8 million customers.
Informed engagement
with regulators.
Investor confidence.
Positive supplier
relationship.
Trusted brand.
19 192 base station sites.
South Africa 92.1%,
International 86.0%
self-provided fibre and
microwave connections.
R11.3 billion capital
expenditure for the year,
R37.5 billion in the
past three years.
R226 billion market
capitalisation.
0.7 times net debt to EBITDA
ratio to execute growth.
R11.4 billion free cash flow.
R777 million interest earned.
501 GWh electricity
#
.
382 483 kl water
#
.
3.9 million litres fuel
#
.
# South Africa only.
08
Vodacom Group Limited
Integrated report for the year ended 31 March 2017
Key inputs