MultiChoice’s first dividend remains on the schedule
MultiChoice says it remains on track to pay a maiden full-year dividend amounting to R2.5bn following a strong start to its 2020 financial year.
MultiChoice says it remains on track to pay a maiden full-year dividend amounting to R2.5bn following a strong start to its 2020 financial year.
Listing MultiChoice through an unbundling unlocks value for Naspers shareholders by creating the opportunity for them to own a direct stake in a top-40 JSE-listed African entertainment group.
Naspers is planning to invest more in businesses including food delivery to help narrow the valuation gap between Africa’s biggest company and its stake in Chinese internet giant Tencent.
Naspers is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business and help compete with Netflix.
With the Naspers market cap now at a $16bn discount to its Tencent stake, those who missed the boat will surely be considering climbing aboard.
Showmax, Naspers’ video-on-demand unit, will use a mix of international and local content to build a base of subscribers.