TechCentral editor Duncan McLeod spoke to Naspers CEO Bob van Dijk about the group’s acquisition, through Naspers Foundry, of a stake in SweepSouth, the controversy over the group’s dual shareholding structure, and more.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is editor of TechCentral.
Naspers CEO Bob van Dijk believes cryptocurrencies could have a huge and positive impact on societies by allowing for frictionless and costless transfer of value between people.
In the podcast this week, Duncan McLeod and Regardt van der Berg chat about the looming layoffs at MultiChoice and what precipitated the move.
A jobs bloodbath is looming at pay-television operator MultiChoice Group, which said on Friday it will enter into a “consultation process” with 2 194 of its employees as part of a “strategic realignment of its customer service delivery model”.
Naspers has finally given a name to its new global consumer Internet group, which it intends listing on Euronext Amsterdam in September, with an inward listing on the JSE.
Naspers has elected to cancel and reschedule a meeting of shareholders to approve the listing of its international Internet assets in Europe, with the target date for the listing now set for September.
The communications minister will issue a policy direction to Icasa within a month, allowing broadband spectrum to be allocated to mobile operators, President Cyril Ramaphosa said in his state of the nation address.
Icasa has decided to conduct an inquiry into the so-called “must-carry regulations”, which allow MultiChoice and other pay-television operators to carry the SABC public service channels at no cost.
The decline in the number of subscribers to DStv Premium accelerated slightly in the year to March 2019 and MultiChoice is actively looking at ways to stem the erosion.
MultiChoice reported a strong set of full-year results on Tuesday, with good growth coming from its lower-tier pay-television bouquets, although its DStv Premium segment remains under pressure.