MultiChoice is at an inflection point, and the new board will be judged quickly on whether it can deliver a credible turnaround.
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France’s Group Canal+ moved quickly on Monday to stamp its authority on MultiChoice Group following the conclusion of the deal.
The pieces are finally moving into place for one of the most significant media deals in South African corporate history.
Sipho Maseko, Neo Lesela, Khanyisile Kweyama and Sonja De Bruyn will be among the new indirect shareholders.
The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by Groupe Canal+.
MultiChoice and its French suitor, Canal+, have told competition regulators that they cannot compete effectively without scale.
Policy reforms aimed at attracting foreign investment don’t go far enough, critics have warned.
MultiChoice is working on huge changes to DStv as it looks to stem subscriber losses in an increasingly competitive market.
MultiChoice Group has lost 1.2 million linear broadcasting subscribers in the past year, a decline of about 8%.
MultiChoice Group expects a sharp decline in reported trading profit for the year ended 31 March 2025.