MultiChoice has not been able to price its pay-TV packages high enough to recoup content costs.He said if he were an investor who did not already hold Naspers shares, and would not receive MultiChoice shares at unbundling, he would wait a few years to check on how revenue and dividend flows came through, rather than buying in immediately.
07 August … Pursuant to the Unbundling of MultiChoice implemented today, 4 March 2019, Naspers distributed one MultiChoice Share for everyone Naspers "N" ordinary share held and one MultiChoice Share for every five Naspers "A" ordinary shares held as at 17:00 South African standard time on Friday, 1 March 2019. If you bank with one of the five major banks (Absa, FNB, Standard Bank, Capitec or Nedbank) and follow these steps, your payment will reflect on our system within 15 minutes.
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With Netflix, Amazon Prime and other internet streaming companies offering so-called over-the-top (OTT) content, MultiChoice has its work cut out to protect its current subscriber base, not to mention attempting to provide capital growth to shareholders.The costs of procuring and distributing content are key, with most global content priced in dollars.You can read up to 3 premium stories before you subscribe to Magzter GOLD“This is a high fixed-cost business model, and what it needs is to add more subscribers to sell content to,” says Crail.Naspers’s pay-TV business MultiChoice will start trading on the JSE on 4 March. The additional 5 per cent stake in MultiChoice South Africa to PN shareholders is designed to reinforce MultiChoice Group’s commitment to broad-based black economic empowerment, increase PN’s upside in future value creation, and ensure continued compliance with regulatory requirements post unbundling. Africa’s most valuable company, which owns a 31% interest in Chinese internet giant Tencent, said on Monday it planned to unbundle its pay-TV business MultiChoice onto the JSE. As a result, PN shareholders’ indirect interest in MCSA has increased from 20% to 25% which will increase by 25% their share of dividend flows, Naspers said. As a result, PN shareholders’ indirect interest in MCSA has increased from 20% to 25% which will increase by 25% their share of dividend flows.Everything from investing like Warren Buffett to the Audiobiography of Cyril Ramaphosa.Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.Naspers remains committed to South Africa and will continue to operate and invest in local ecommerce and internet companies across classifieds, etail, payments, and online food delivery, as well as Media24. Looking ahead, Naspers will continue to invest in South Africa; at the South Africa Investment Conference held in October 2018 Naspers committed to invest a further R4.6bn in new and existing technology companies in South Africa over the coming three years. Naspers is pleased to confirm the successful unbundling of its shares in MultiChoice Group (MCG) to Naspers shareholders following the listing of MCG on the Johannesburg Stock Exchange (JSE) on 27 February 2019. The combined expenditure (for the purposes of income tax) of such Naspers shares and MultiChoice Shares will be the amount originally taken into account by the Naspers Shareholder prior to the Unbundling in respect of those Naspers shares, as contemplated in section 11(a), section 22(1), or section 22(2) of the Income Tax Act. Its pan-African scale is supported by strong local capabilities as well as a seasoned leadership team – all underpinned by strong financials and an ungeared balance sheet.
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