Vodacom ended the year as a listed company, leaner, healthier, both financially and commercially, and possessing a strong base to capitalise on the new opportunities coming in 2011 and beyond.

The Group's customer base can be broadly divided into consumer and enterprise customers. Consumers, which account for the majority of Vodacom's business, are engaged either on a prepaid or contract basis.

The Group's results were underpinned by growth in its core mobile and broadband businesses coupled with tight management of costs and capital expenditure.

Vodacom is committed to the highest standards of business integrity, ethical values and professionalism in all of its activities.

Sometimes it is hard to pinpoint when a fundamental change happens until long after the event, but I am quite certain that we will look back on 2010 as the year in which we cemented a new direction for the Group.