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.
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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”.
MultiChoice-owned Showmax is adding Bafana Bafana Afcon football matches to its live-streaming sports offering, stepping up the pressure on rival Netflix in the South African market.
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.
MultiChoice Group-owned video streaming platform Showmax will offer live sports to all customers in South Africa, effective immediately, it said on Friday.
MultiChoice will report a full-year headline loss per share of as much as R3.90, from earnings of R4.10 a year ago, as the result of foreign exchange losses and a decision to give additional equity to black investors at no cost.
MultiChoice, which owns DStv and SuperSport, has filed papers in the high court in Pretoria against communications regulator Icasa over its inquiry into sports broadcasting rights.