MultiChoice Group said on Thursday that it doesn’t believe it has to pay R32.8-billion to Nigeria’s tax authority – being half of a disputed outstanding tax amount – and that a “substantially” lesser amount is owed.
Browsing: MultiChoice Group
The deposit of 50% of the sum was a condition that had to be fulfilled by Multichoice Nigeria before a tribunal could hear a full appeal on the matter, the Nigerian tax authority said.
MultiChoice Group has reported a 14% improvement in trading profit to R8-billion for the year ended 31 March 2020, despite a tough economic environment and the growing threat of Netflix.
MultiChoice Group and Dimension Data decided to liquidate Vast Networks, South Africa’s largest public Wi-Fi hotspot provider, after several attempts to sell the business fell through.
Long-serving MultiChoice Group director Imtiaz Patel will relinquish his executive duties in September 2020, the pay-television broadcaster said on Tuesday.
MultiChoice Group’s average revenue per user has fallen by 5% in South Africa as consumers continue to flock to lower-priced bouquets.
The pay-television operator said on Thursday that it has bucked weak economic conditions and expects to report a big leap in profit for the six months to 30 September 2019.
MultiChoice Group plans to offer shareholders in its two broad-based black economic empowerment schemes the opportunity to gain direct exposure to its shares listed on the JSE.
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”.
Trading as a newly listed entity on the JSE for barely six hours on Wednesday, MultiChoice had already angered communications regulator Icasa.