With its traditional pay-TV business under pressure – down 9% in the year to March 2023 – Multichoice has ambitions to build a portfolio of digital products layered on top of the traditional base to drive ongoing top-line growth. Mergence Head: Equities, Peter Takaendesa, commented that the period had been incredibly tough and said that while the group has been working on growing new revenue streams — insurance, sports betting, fintech and Showmax — they “are not enough for now to offset the structural and cyclical pressures on the traditional pay TV business”.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth