MultiChoice Group Limited has released its pre-listing statement in compliance with the JSE’s listings requirements.<\/p>\n
The new company will include the likes of MultiChoice South Africa, MultiChoice Africa, and Showmax, and is expected\u00a0to begin trading on 27 February.<\/p>\n
Last year, Naspers announced<\/strong><\/a> that it would be listing its video services as a separate business on the JSE.<\/p>\n “Listing MultiChoice Group via an unbundling aims to unlock value for Naspers shareholders and at the same time create an empowered, top 40 JSE-listed African entertainment company,” said Naspers CEO Bob van Dijk.<\/p>\n “With strong financials, the flexibility of an ungeared balance sheet and deep local knowledge, we hope to deliver excellent returns to shareholders over time,” said Group CEO Calvo Mawela.<\/p>\n Naspers’ video entertainment platforms service 13.5 million households across Africa, and earned a trading profit of R6.1 billion in their previous financial year.<\/p>\n MultiChoice Group Limited has released its pre-listing statement in compliance with the JSE’s listings requirements.<\/p>\n","protected":false},"author":341039,"featured_media":120242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[23751,85,475,1643],"class_list":["post-292966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bob-van-dijk","tag-dstv","tag-multichoice","tag-naspers"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/292966"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341039"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=292966"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/292966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/120242"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=292966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=292966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=292966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read:\u00a0Everything developers are not allowed to do with DStv and Showmax<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"