Big questions over R127-million payouts to MultiChoice execs

That's about 140 000 premium subscriptions... 15% of all contributions from their premier subscribers :oops:
 
Not unique to Multichoice. This has always been the South African way, hence why it is one of the most unequal societies in the world.
 
just look at the photo and you'll see the gravy train.... all the same

Now can someone please explain this. If I buy R50m worth of Multichoice shares, I will most likely become a board member and a high ranking shareholding due to the amount or percentage I own in the business. Surely now when we have a board meeting and we are all scoffing at the table for bonuses my vote counts for 20% lets say... is that how it works?

Surely a person on the board can't vote for himself to get more money?

PS: Multichoice = haven't made a profit for years, doesn't pay dividends to anyone else except poor black people (yes you read that correct as insane as it sounds) doesn't grow the company, just pays its EXECs <-- recipe for failure like an SOE
 
on top of this corrupt mumbo jumbo for R110 per share today as a "poor" black person you are now getting a dividend payout of R20 per share! ffs which company gives out almost 20% in a dividends every year for 18 years. Then (as per MW article) if you invested in Multichoice 18 years ago you would have a compounded 30% growth rate per year!

Insane and is screwing over normal investors and their core business to please the BEE mass corrupt clowns

Ponzi scheme, take from the rich to pay the poor <-- or the EFF / ANC disguised as poor
 
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