The communications regulator has expressed “concern” that the listing of MultiChoice Group went ahead on Wednesday “even though there is a complaint before its complaints and compliance committee”.
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MultiChoice Group soared 16% in debut trading in Johannesburg as the pan-African pay-TV company embarks on a new era of independence following a spin off by technology giant Naspers.
MultiChoice Group made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am.
The portfolio committee on communications has allocated three weeks to complete the process of filling vacancies on the board of the SABC.
Ahead of its unbundling from parent Naspers and separate listing on the JSE, the bear case for MultiChoice is fairly well understood by the market. The reality, as always, is a lot more nuanced.
Online platforms will be required to compensate publishers and creators for the content that appears on their websites, under new European Union copyright rules that could shrink access to online media in Europe.
Apple is planning to unveil video and news subscription offerings next month, the first major new digital services from the company since 2015.
The pay-television broadcaster, which will list on the JSE later this month, has revealed all the price adjustments to its DStv bouquets, which will take effect on 1 April 2019.
MultiChoice won’t hike the price of DStv Premium in 2019, reflecting the pressure the pay-television broadcaster is under at the top end of the market.
Communications minister Stella Ndabeni-Abrahams has apologised for an altercation she had with an SABC news crew who were filming an ANC provincial rally in the Eastern Cape on Saturday.