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Annual financial results

(2020: 2.2x), Holdco net debt down to R30.1 billion (2020: R43.3 billion) ROE improved to 19.6% (up 2.6pp) Capex of R39.4 billion (R32.7 billion under IAS17 with capex intensity of 18.0%) MoMo Active users up 22.6% to 56.8 million Value of transactions up to 56.8% to US$23.9 billion

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