Vodacom has released a statement to shareholders on Wednesday indicating that it has reached an out-of-court settlement in the “Please Call Me” matter with Nkosana Makate.

It says the Board approved a settlement agreement and that it has been accounted for in the Group’s interim results for the six-month period ended 30 September 2025, which are set to be released later this month.

It says as part of the settlement process, a notice was sent to the Supreme Court of Appeal withdrawing Vodacom’s appeal.

While a notice was sent to the High Court to abandon the 8 February 2022 judgment in the matter.

The figure agreed was not made public.