Newzroom Afrika, the new 24-hour new channel licensed by MultiChoice that replaces the defunct, formerly Gupta-owned ANN7, will be launched on DStv on Thursday.
Icasa has published a draft findings document flowing from its inquiry into subscription television broadcasting services in South Africa.
Despite some short-term potential headwinds, there may be a long-term investment case to be made for the pay-television operator. By Renier de Bruyn.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
TechCentral editor Duncan McLeod spoke to Naspers chief financial officer Basil Sgourdos about the group’s plans to list its international consumer Internet businesses in Amsterdam and what happens next.
Trading as a newly listed entity on the JSE for barely six hours on Wednesday, MultiChoice had already angered communications regulator Icasa.
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”.
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.
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.