eMedia has blamed the impact of load shedding and other external factors for a weaker financial performance.
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Nomsa Chabeli will take on the difficult role of leading the public broadcaster with immediate effect.
The financially deeply troubled SABC has appointed a GM at MTN South Africa, Nomsa Chabeli, as its new group CEO.
MultiChoice Group surprised investors on Wednesday by reporting customer growth of 5% in its premium segment.
MultiChoice Group has revealed the first details of what the new “Showmax 2.0” streaming platform will look like.
MultiChoice Group has reported a decline in subscribers, while its income statement has been stained in red ink.
Sentech interim CEO Tebogo Leshope said the SABC’s unwillingness or inability to pay its signal distribution fees is of “great concern”.
MultiChoice will report a loss of about R3.10/share for the six months to end-September, dragged down by forex losses.
Rising internet access will drive growth in the media and entertainment sector in the coming years, PwC said.
The SABC owes Sentech more than R700-million – or about half of the broadcasting signal distributor’s annual revenue.