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MultiChoice Group is one of the fastest growing pay-TV broadcast providers globally, with a 30-year track record and the distinct honour of entertaining approximately 14 million households across 50 countries in Africa (using multiple platforms).
It is our objective to deliver quality content anywhere, anytime, on any device through a comprehensive video entertainment offering for all income groups.
MultiChoice Group listed on the JSE Limited on 27 February 2019 under the trading symbol “MCG”. Another exciting element of this listing is that our highly successful and well-respected Broad-Based Black Economic Empowerment (B-BBEE) structures will be strengthened. The listing of MCG will create further value for Phuthuma Nathi shareholders as Phuthuma Nathi schemes will increase their collective interest in MCSA from 20% to 25%. This means that future dividend flows to Phuthuma Nathi shareholders will also increase to 25%.
"We believe that the listing of MultiChoice provides an excellent opportunity to invest in the leading provider of video entertainment on the African continent. MultiChoice Group brings an incomparable local and international content offering to around 14 million households and is one of the fastest growing pay-TV broadcast providers globally. With strong financials, the flexibility of a strong balance sheet and deep local knowledge, we hope to deliver excellent returns to shareholders, over time".
Calvo Mawela, Group Chief Executive Officer, MultiChoice Group