Barely a month after French pay-TV provider Canal+ took full control of Multichoice, the company has stunned the market by demanding a 20% discount on supplier invoices, in order to save costs. Mergence CIO Peter Takaendesa said the aggressive cost-cutting measures were not that surprising but there would be operational and regulatory hurdles to overcome as a result of attempting to change payment terms. The Competition Commission is currently assessing whether there has been a breach of the conditions of the merger.
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
