Tag Archives: Bob van Dijk

Date set for MultiChoice JSE listing

Naspers, one of the largest technology investors in the world, will list it’s pay TV unit MultiChoice on the Johannesburg Stock Exchange (JSE) on February 27.

Bob van Dijk

The company includes MultiChoice South Africa, MultiChoice Africa and Showmax. Naspers originally announced its intention to list last September.

The move means Naspers shareholders will now hold a direct interest in MultiChoice rather than through Africa’s most valuable company.

Naspers CEO Bob van Dijk said: “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.

“With strong financials, the flexibility of an ungeared balance sheet and deep local knowledge, we hope to deliver excellent returns to shareholders over time,” added group CEO Calvo Mawela.

tagged in: , , , , , , , ,

MultiChoice exec team reshuffled

Naspers, one of the largest technology investors in the world, has announced the new executive leadership team for its MultiChoice Group.

Imtiaz Patel

The new execs include Calvo Mawela as group CEO, Imtiaz Patel as executive chairman, Tim Jacobs as chief financial officer and Brand de Villiers as chief operating officer. The appointments will take effect on November 1.

Naspers CEO Bob van Dijk said: “This announcement marks a significant step for the MultiChoice Group as they journey towards a stand-alone business. I am confident that through the leadership of Imtiaz and Calvo, MultiChoice Group will continue on its growth trajectory and unlock even more value for its shareholders.”

Calvo said: “I am incredibly excited to lead our team of highly capable executives through this new and exciting chapter for our company. Our leadership team is diverse, experienced and well-positioned to grow our position as the leading entertainment company on the African continent.

Calvo Mawela

“There are significant growth opportunities for MultiChoice Group in Africa. The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet television service, alongside Irdeto’s 360 security suite will provide a unique offering.”

On September 17, Naspers had made its intention to separately list its video entertainment business on the Johannesburg Stock Exchange and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa and Irdeto.

MultiChoice Group is one of the fastest growing pay TV operators in the world and its multi-platform business reaches 13.5 million households across Africa.

tagged in: , , , , , , ,

Naspers to list MultiChoice on JSE

Naspers, one of the largest technology investors in the world, plans to separately list entertainment subsidiary MultiChoice on the Johannesburg Stock Exchange (JSE).

Imtiaz Patel

The new publicly listed company is named MultiChoice Group and comprises MultiChoice South Africa, MultiChoice Africa, Showmax Africa and conditional access tech firm Irdeto.

Naspers CEO Bob van Dijk said: “This marks a significant step for the Naspers Group as we continue our evolution into a global consumer internet company. 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.”

The level at which video entertainment has penetrated Africa is quite low, even though it is the fastest growing continent by GDP and population. This is why MultiChoice is being unbundled with limited leverage so it can pursue other opportunities in video entertainment.

This new business aims to offer streaming services online including DSTV Now and Showmax.

Video entertainment CEO Imtiaz Patel declared that: “There are significant growth opportunities for MultiChoice Group in Africa. The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet television service, alongside Irdeto’s 360-degree security suite, will provide a unique offering.”

Naspers’ video entertainment business, one of the fastest growing pay TV operators worldwide, entertains about 13.5 million households all over Africa due to its multi-platform structure.

tagged in: , , , , ,