Multichoice, the company be hind Multichoice, DStv, Supersport, Gotv and Showmax won’t be a private company for long if things go according to Naspers’ plans. The company has plans to list it’s video entertainment business in the Johannesburg Stock Exchange, according to Techcentral.
This technically means that Naspers wants to exit from Multichoice, and as a result form a new company, Multichoice Group that will be listed in the JSE sometime early 2019. This is pending approvals from the necessary regulatory authorities.
The new company will have Multichoice South Africa Holdings, Multichoice Africa Holdings, Multichoice Botswana, Multichoice Namibia, NMS Insurance Services SA, Showmax Africa Division, Irdeto Holdings and Iderto South Africa under it.
Exiting from Multichoice means that Naspers will hand over the worry of a very competitive landscape of video entertainment business that is battling regulation and video streaming services like Netflix and iflix. The satellite business is also cuth-throat with Kwese and Startimes also making serious in-roads in what was once their turf in the continent.