Canal+, the new owner of MultiChoice Group, has ambitious plans for pay-TV and wants to be in half the households in South Africa and the other African countries in which it operates. Commenting on the combined entity, Mergence CIO Peter Takaendesa said that it will have better scale in content and equipment procurement, and should be able to extract synergies in due course from shared services and technology platforms. The African macro-economic cycle is also turning conducive to growth but time will tell if Canal+ can leverage the strengths of the combined entity to navigate industry headwinds and various risks of doing business in Africa, he said.
Rand resilience masks a fragile equilibrium
The rand’s recent resilience has surprised many, but it risks being misread. Strength in the currency over the past year
