Vodacom Dismisses Over 600 Employees for Fraud

Vodacom takes steps to investigate approximately 8,000 fraud cases.

(The Post News)- Vodacom the largest network operator in South Africa hasdismissedd approximately 630 employees following the release of their annual report from April 2023 to March 2024.

The report highlighted about 8,000 cases related to corporate security, including 1,780 internal cases and 6,872 external cases.

As a result of these Vodacom cases several numbers of people approximately 15 suspects were arrested.

As a result of the Vodacom case, approximately 15 suspects have been arrested. Vodacom, one of the largest network operators in South Africa, briefed the media in a statement, noting, “These cases were reported and identified through various channels, including direct reports from customers, service providers, online reports, referrals from businesses, the fraud management system, and external whistleblowing.”

During this period, the group conducted several deep dive sessions on compliance-related matters with its audit, risk, and compliance committee.

The focus of these sessions was on the Doing What’s Right online ethics program for employees, subcontractors, and suppliers, which includes the Speak Up feature allowing for reporting of potential irregularities in financial reporting or other issues.

Additionally, Vodacom is in the process of merging with Vumatel and Dark Fibre Africa (DFA), a move that could lead to the formation of Maziv, the largest fibre network in South Africa. CEO Shameel Joosub stated at the Competition Tribunal hearing on Friday that the company does not intend to raise the cost of fibre connections.

Joosub also addressed concerns that Vodacom might engage in anti-competitive practices if the merger is approved, clarifying that the company has no plans to undercut other telecommunications firms.

Frogfoot has argued that Vodacom if were to be allowed to merge would be bevantageovero Vodacom as competition would be just limited.

Moreover, the Competition Commission declared that the merger would be anti-competitive and has therefore opposed it.

Vodacom’s CEO stated that the company would not benefit from manipulating prices through its ownership of the new business.

Vodacom currently holds 8% of the fibre market.
Joosub emphasised that any pricing decisions must align with competitive standards,

“The pricing must be considered in light of the competition,” added Joosub.