{"id":643897,"date":"2026-04-28T13:08:25","date_gmt":"2026-04-28T11:08:25","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=643897"},"modified":"2026-04-28T13:17:10","modified_gmt":"2026-04-28T11:17:10","slug":"big-moment-for-new-dstv-owner-in-south-africa","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/broadcasting\/643897-big-moment-for-new-dstv-owner-in-south-africa.html","title":{"rendered":"Big moment for new DStv owner in South Africa"},"content":{"rendered":"\n

MultiChoice owner and DStv operator Groupe Canal+ has confirmed<\/a> it will list on the Johannesburg Stock Exchange (JSE) on 3 June 2026.<\/p>\n\n\n\n

This came after the French media giant said it expected to list on the exchange soon alongside its annual results for the 2025 financial year.<\/p>\n\n\n\n

“Secondary listing on the Johannesburg Stock Exchange scheduled for 3 June 2026,” the company said in a statement on its website.<\/p>\n\n\n\n

Groupe Canal+ confirmed its intention to pursue a secondary listing on the JSE in October 2025, as part of the conditions it agreed to in its acquisition of MultiChoice.<\/p>\n\n\n\n

The new MultiChoice Group owner is already listed on the London Stock Exchange and stated that it would be the first French company to trade its shares on the JSE.<\/p>\n\n\n\n

In his March presentation of the annual financial results, Canal+ CEO Maxime Saada said the company expected to list on the JSE soon.<\/p>\n\n\n\n

MultiChoice had delisted in December 2025 after six years and nine months of trading its shares on the exchange.<\/p>\n\n\n\n

“We expect to list Canal+ on the Johannesburg Stock Exchange soon, in what will be a significant moment for our company,” Saada said.<\/p>\n\n\n\n

“In Africa, we will ensure we are well-positioned to benefit from the continent’s growth potential and turn around in MultiChoice.”<\/p>\n\n\n\n

A secondary listing on the JSE was one of the commitments Canal+ made to the Competition Commission when it sought approval to acquire the South African company.<\/p>\n\n\n\n

Canal+ said the secondary listing will preserve market liquidity and trading access for South African investors.<\/p>\n\n\n\n

Groupe Canal+ took control of MultiChoice in September 2025, following a lengthy mandatory buyout process.<\/p>\n\n\n\n

In early December 2025, the South African pay-TV broadcaster announced that Canal+ had completed its compulsory acquisition of MultiChoice’s remaining shares, effective 5 December 2025.<\/p>\n\n\n\n

A listing in June 2026 will fall within the nine-month timeframe Canal+ committed to, aiming to have its shares trading on the exchange by September 2026.<\/p>\n\n\n\n

Deploying cost-cutting at MultiChoice<\/h2>\n\n\n\n
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Canal+ headquarters near Paris. Photographer: JeanLucIchard \/ Shutterstock.com<\/figcaption><\/figure>\n\n\n\n

In its statement, Canal+ also said it would deploy the MultiChoice recovery plan and implement its cost-cutting plan “in accordance with expectations”.<\/p>\n\n\n\n

The French company recently announced plans to spend up to \u20ac100 million (R1.9 billion) to facilitate MultiChoice’s turnaround and support its sustainable growth.<\/p>\n\n\n\n

Its turnaround plan for the DStv owner is centred around four strategic pillars designed to drive subscriber growth and strengthen the business.<\/p>\n\n\n\n

Firstly, the company will prioritise offering a compelling content proposition in Africa, with plans to leverage joint products, in-house channels, and global partnerships.<\/p>\n\n\n\n

It said producing many hours of local African content and retaining key sports rights remain key cornerstones of the business.<\/p>\n\n\n\n

Secondly, Canal+ will simplify and strengthen MultiChoice’s commercial propositions with clearer pricing, branding, and more effective marketing.<\/p>\n\n\n\n

Thirdly, it aimed to increase subscriber growth by lowering entry costs through subsidies on hardware, expanding its distribution network, and deploying over 1,000 in-the-field salespeople.<\/p>\n\n\n\n

The last pillar of the strategy \u2014 Operational Excellence at Scale \u2014 includes initiating a voluntary severance plan at MultiChoice’s support functions.<\/p>\n\n\n\n

Furthermore, Canal+ is restructuring the MultiChoice Group’s wholly owned technology and cybersecurity company, Irdeto.<\/p>\n\n\n\n

It said these interventions are designed to improve MultiChoice’s operational efficiency with best practices and a standardised operating model across markets.<\/p>\n\n\n\n

Canal+ assured that the measures were consistent with the commitments it made to the Competition Tribunal during the acquisition of MultiChoice.<\/p>\n\n\n\n

Therefore, South African employees across the MultiChoice Group would be safe from retrenchments for a few years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The MultiChoice Group’s new owner Canal+ has confirmed a date for its listing on the Johannesburg Stock Exchange.<\/p>\n","protected":false},"author":341076,"featured_media":640128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[21383,66933,51705,101952,92258],"class_list":["post-643897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-canal","tag-groupe-canal","tag-johannesburg-stock-exchange-jse","tag-london-stock-exchange","tag-maxime-saada"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/643897"}],"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\/341076"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=643897"}],"version-history":[{"count":5,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/643897\/revisions"}],"predecessor-version":[{"id":643932,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/643897\/revisions\/643932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/640128"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=643897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=643897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=643897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}