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MCG-JSE Joint Media Release: MultiChoice Group lists on the Johannesburg Stock Exchange (JSE)

MCG-JSE Joint Media Release: MultiChoice Group lists on the Johannesburg Stock Exchange (JSE) Johannesburg, 27 February 2019: Today, MultiChoice Group (MCG) listed on the JSE’s Main Board. This is the first JSE listing in 2019. MultiChoice Group includes MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto.

Calvo Mawela, MultiChoice Group CEO, commented: “Today’s listing is an important milestone in our exciting journey of growth.  As one of the fastest-growing pay-TV broadcast providers globally, our strong financial position at listing is backed by attractive long-term growth opportunities in both subscriber numbers and revenue. MCG has a highly cash generative core with no financial debt, and we are poised to deliver value to our shareholders over time.”

MultiChoice Group brings leading local and international entertainment and sport content to around 14-million households in 50 African markets, providing viewers with access to content from 8 out of 10 major international studios. Importantly, MCG is differentiated by its production of over 4,500 hours of local content in 10 studios across Africa. Showmax alone has 17,500 hours of content with half being local content. Furthermore, MCG offers a world of champions with over 37 sports channels providing sports fans viewership of most iconic global sport events.

Donna Nemer, Director, Capital Markets and Group Strategy at the JSE, welcomed the MultiChoice Group listing, adding that: “This significant listing is a cause for celebration not only for the Company, but for the JSE as well. This is an opportunity for MultiChoice to unlock a wealth of potential and capital for its investors on one of the most trusted, stable and robust exchanges globally.  We are delighted to be part of this journey and will continue to work hard to build better markets for the MultiChoice Group and its shareholders.”

The listing and impending unbundling of MCG by Naspers reinforces the commitment of both MCG and Naspers to broad, socio-economic transformation in South Africa. Phuthuma Nathi (PN) shareholders will be allocated an additional 5% stake in MultiChoice South Africa (MCSA) for no consideration, thereby increasing their indirect interest in MCSA from 20% to 25%, and resulting in a 25% increase in PN’s share of MCSA dividend flows. Through PN, MCSA has provided long-term, far-reaching benefits to more than 90,000 individual and institutional B-BBEE shareholders.

Bob van Dijk, Naspers Chief Executive Officer, commented: “Today is a proud day for Naspers. Listing MultiChoice Group through an unbundling unlocks value for Naspers shareholders by creating the opportunity for them to own a direct stake in MultiChoice Group, a top-40 JSE-listed African entertainment group. We are also very pleased to be able to create further value for Phuthuma Nathi shareholders, who, through MultiChoice South Africa, have already participated in one of South Africa’s most successful empowerment schemes. As MultiChoice Group embarks on its next exciting chapter I look forward to seeing the team build further on their impressive success story.”

MCG joins five companies listed in the media sector on the JSE, which prior to the MCG listing contributed 9% to the total market capitalisation of the JSE (R1.39 trillion).

MultiChoice Group is Africa's leading multi-channel digital satellite and pay-television destination, offering its 14 million customers access to a world of entertainment, anywhere, anytime. MultiChoice Group includes MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. MultiChoice has been in operation for the past 30 years and through its flagship product brand, DStv, the company delivers the latest and most compelling local and international content to millions of households across Africa. The company’s ongoing commitment to innovation and technology advancement resulted in the creation of its iconic high definition PVR decoder, the DStv Explora – which won the Product of the Year for 2015. 

Through its corporate social investment, MultiChoice actively participates in social transformation, ongoing investment in local content, job creation and skills development - which in turn strengthens the television and broadcasting industry and contributes to the South African economy. 

For more information contact:
Joe Heshu, Group Executive of Corporate Affairs
Tel: +27 11 289 3952
Mobile: +27 60 973 6776
Email: [email protected] 
Benedict Maaga, Senior Manager of Corporate Communications
Tel: +27 11 289 3312
Mobile: +27 79 501 1785
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 132 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. 
JSE contacts:
Samkele Diseko
Communications Officer
Tel: +27 011 520 7640
Email: [email protected] 
Burson Cohn &Wolfe
Gomotsegang Motswatswe
Burson Cohn & Wolfe
Tel: 011 480 8620
[email protected]
Naspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in countries and markets across the world with long-term growth potential, Naspers builds leading technology companies that empower people and enrich communities. The group operates and partners a number of leading internet businesses across the Americas, Africa, Central and Eastern Europe, and Asia in sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms.
Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, ibibo, iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, Udemy, and WeBuyCars. 
Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily lives: Tencent (; SEHK 00700), (; LSE: MAIL), MakeMyTrip Limited (; NASDAQ:MMYT) and DeliveryHero (; Xetra: DHER) 
Today, Naspers companies and associates help improve the lives of around a fifth of the world’s population. Naspers actively searches for new opportunities to partner exceptional entrepreneurs who are using technology to address big societal needs.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).

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