With a diversified business portfolio and the relaunched Showmax video streaming platform, the company will turn around its fortunes, says Calvo Mawela.
MultiChoice Group CEO Calvo Mawela has reassured the market that it’s not all doom and gloom at the DStv operator, after it posted disappointing full-year results.
The CEO believes that with a diversified business portfolio and the relaunched Showmax video streaming platform, the company will turn around its fortunes. “If you look at the ‘rest of Africa’, despite all the headwinds, we have managed to increase our trading profit by 48% at R1.3 billion. This is despite having a R4 billion forex hit in just one financial year.
“Technology also improves on a year-to-year basis. The next decoders that will come in will probably be cheaper than the one we currently have. What we are happy about is that the DNA of cost savings is across all of our businesses now. Every staff member is now conscious of cost savings.” “What we are clear about is as a result of us cutting subsidies and increasing pricing to cater for inflation, the quality of the subscribers remaining on our base is much better. We will continue on that path and as things improve, we will decide how to stimulate the market again.”
Mawela is pinning his hopes on video streaming platform Showmax, which was recently relaunched to bring in more revenue on the back of the English Premier League offering.
DSTV Calvo Mawela Showmax Video Streaming EPL In Your Pocket Video Entertainment English Premier League Canal Dstv Subscribers
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