Is MultiChoice taking the Mickey?
Five hours and over one hundred slides later, MultiChoice was done explaining why the company disagrees with the draft findings of the Independent Communications Authority of South Africa (ICASA) that were released in 2019. ICASA believes that limited broadband access, the high cost of data and low average internet speeds will limit the growth of over-the-top (OTT) media services like …
View Post
International firms circling South African companies
The Companies Act requires public companies to make an announcement whenever a shareholder crosses through a 5% milestone. In other words, if a shareholder held 4,8% and bought more shares today, thereby increasing to a shareholding in the company of 5,4%, the company would need to announce on SENS that this has happened. This is important because it alerts the …
View Post
Multichoice – Africa’s storyteller rewards shareholders
The front page of Multichoice’s results booklet that was released today describes the group as “Africa’s most loved storyteller” – that’s beautiful, but perhaps not as beautiful as the stunning improvement in their profitability. StatsSA’s last major survey (done in 2017) estimated that there are 16.2m households in South Africa. Multichoice has 8.4m subscribers in South Africa, which suggests that …
View Post