A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
Jabu Mabuza, chairman of the South African power utility regarded as the biggest risk to the nation’s economy, has taken on a non-executive director role at pay-television company MultiChoice Group.
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”.
Icasa has decided to conduct an inquiry into the so-called “must-carry regulations”, which allow MultiChoice and other pay-television operators to carry the SABC public service channels at no cost.
The decline in the number of subscribers to DStv Premium accelerated slightly in the year to March 2019 and MultiChoice is actively looking at ways to stem the erosion.
MultiChoice reported a strong set of full-year results on Tuesday, with good growth coming from its lower-tier pay-television bouquets, although its DStv Premium segment remains under pressure.