Vodacom expects to list on the JSE in May, the mobile phone giant said on Tuesday in a statement.

"The listing of Vodacom will offer investors direct access to a well established communications company with a unique platform for growth.

"This is an important event in the history of the company as we become a public company whilst also continuing to benefit from being part of the Vodafone Group, " said Vodacom's CEO Pieter Uys.

Currently Vodacom is owned 50 percent by Telkom and 50 percent by the UK's Vodafone Group.

The listing of the company forms part of a number of interconditional transactions including the sale by Telkom of a 15 percent stake in Vodacom to Vodafone, increasing Vodafone's interest in the company to 65 percent and, following the listing, the unbundling by Telkom to its shareholders of its remaining 35 percent in Vodacom.

Sapa