In 2024, South Africa’s telecommunications sector saw a revenue growth of 11.7%, rising from ZAR 208.29 billion in 2023 to ZAR 232.67 billion, according to the latest data from the Independent Communications Authority of South Africa (ICASA).
This growth was primarily fueled by a 10.21% increase in mobile services revenue, which reached ZAR 132.38 billion.
During 2024, there was a 7.46% increase in mobile cellular subscriptions, bringing the total to an impressive 116.8 million. Concurrently, smartphone subscriptions experienced a significant surge, rising by 10.36% to reach 82.7 million. This impressive performance signals a strong rebound and continued growth, driven by surging demand for mobile data, broader internet access, and increased investment in digital infrastructure.
Total mobile services revenue increased by 10.21%, with mobile data services increasing by 6.86%. Revenue from voice services decreased by 7.70%, continuing its downward trend. Revenue from text and multimedia messaging services increased by 20.45%, while outbound roaming revenue decreased by 38.69%.
Fixed internet and data revenue exhibited a strong growth of 14.62%, indicating a growing demand for broadband services, as more households and businesses turned to digital tools for remote work, online learning, and streaming.
Leading operators such as Vodacom, MTN, Cell C, and Telkom continued to invest in expanding their 4G and 5G networks, helping bridge the digital divide.
With its digital economy on the rise, South Africa’s telecom sector is well-positioned for sustained growth, underpinned by innovation, greater affordability, and improved nationwide connectivity.
More on South Africa’s Telecom Sector:
South Africa’s Mobile Internet Revolution: Growth and Opportunities by 2029
Shaping South Africa’s Digital Economy Vision for 2030
South Africa Launches Transformative AI Institute
