Browsing: Nolo Letele

Windfall for Phuthuma Nathi investors

Shareholders in MultiChoice’s broad-based black economic empowerment scheme Phuthuma Nathi are set for a windfall. They will receive R1,2bn in ordinary dividends in 2015, an increase from

MultiChoice rubbishes Caxton claims

MultiChoice has hit back strongly at claims by another media group Caxton and by two public broadcasting advocacy groups that its 2013 deal with the SABC over the supply of two television

Carrim accused of advancing ‘narrow interests’

South Africa’s migration from analogue to digital terrestrial television looks set for yet more delays if an open letter, signed by MultiChoice, and published in weekend newspapers, is anything to go by. The letter, in the form of full-page advertisements, lays into communications minister Yunus Carrim, saying his

Tech firms mourn Mandela’s passing

Information and communications technology companies on Friday expressed sadness at the death of former South African president Nelson Mandela, who passed away on Thursday night at his home in Houghton, Johannesburg, after a long illness. In a statement, Telkom board

BEE shareholders score from MultiChoice

MultiChoice’s broad-based black economic empowerment companies, Phuthuma Nathi Investments 1 and 2, will receive ordinary and special dividends worth R900m, the Naspers-owned pay-television broadcaster said on Thursday. The companies will receive an ordinary dividends of R480m, compared

Kenyan broadcasters see red over DStv

DStv operator MultiChoice is facing fresh allegations of anticompetitive behaviour, this time in Kenya, after rivals Wananchi Group and StarTimes accused the broadcaster of anticompetitive abuses in locking up key football rights. Wananchi Group, which owns Zuku TV, has written to

Black shareholders reap DStv rewards

The black economic empowerment (BEE) companies established by DStv owner MultiChoice are being paid ordinary and special dividends to the tune of R1bn in the current financial year, the pay-TV broadcaster said on Wednesday. The empowerment

MultiChoice, others snub JSE trading platform

Listed companies whose empowerment share schemes have come out of their lock-in periods have largely shunned the JSE’s black economic empowerment (BEE) trading platform for their own options. The stock exchange’s BEE platform, launched in February