Here is MultiChoice’s shareholding status in Africa

MultiChoice has published its interim financial results for the period ended 30 September 2020, which has made several shareholding revelations. The group added 2.1 million 90-day active subscribers across all regions compared to the same period last year.

This subscriber growth was attributed to the adoption of its cheaper DStv packages, however, as the company lost a significant number of DStv Premium subscribers.

Excluding the YoY movements on the above revenue categories which were impacted by COVID-19, revenue growth would have been positive as healthy subscriber growth in the mass market and the annual price increases were negated by a lower average Premium subscriber base in the absence of live sport.

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Multichoice Group shareholding

Foreign shareholder voting rights are capped at 20% by MultiChoice Group’s MOI in order to comply with the broadcasting license requirements in South Africa under the Electronic Communications Act, 36 of 2005 (as amended).

MultiChoice Group’s combined direct and indirect interest in MultiChoice Group SA (MCSA) is 76.9%, comprising of a 75.0% direct stake, a 1.4% indirect stake via PN, and a 0.4% indirect stake via the Enterprise Development Trust (which is consolidated) –PN shareholders own the remaining 23.1% of MCSA.

ALSO READ: DSTV owner Multichoice to become a publicly traded company

Back home MultiChoice Group acquired an additional 5% in MultiChoice Uganda during the year, bringing the total shareholding to 100%. See the full Major subsidiaries shareholding status for MultiChoice Africa Holdings B.V. Group;

1. Nigeria (79%)
2. Angola (100%)
3. Uganda (100%)
4. Zambia (51%)
5. Kenya (60%)
6. Tanzania (85%)

In South Africa major subsidiaries include:

1. MultiChoice South Africa Holdings (Pty) Ltd
2. MultiChoice South Africa (Pty) Ltd
3. MultiChoice (Pty) Ltd
4. MultiChoice Support Services (Pty) Ltd
5. Electronic Media Network (Pty) Ltd (M-Net)
6. SuperSport International Holdings (Pty) Ltd
7. DStv Media Sales (Pty) Ltd

ShowMax Operations are housed within MultiChoice Support Services (Pty) Ltd and MultiChoice Africa Holdings B.V. Group.