MultiChoice has recorded a 9% year-on-year slump in subscribers as it battles difficult trading conditions in SA and the rest of Africa.
year-on-year slump in active subscribers as the JSE-listed broadcaster battles difficult trading conditions in South Africa and the rest of Africa.The South African business was more resilient, declining by ‘only’ 5%, MultiChoice confirmed when releasing its annual results for the year ended 31 March 2024.The Premium tier, which includes the DStv Premium and Compact Plus bouquets, declined by 5%, continuing the group’s struggle to hold on to its more affluence customers.
This latest drop in DStv Premium subscribers follows declines of 6% in the same group in both the 2022 and 2023 periods.laid part of the reason for the drop at the door of severe load shedding during the reported period which “further discouraged potential subscribers” from signing up. The decline in subscription revenue and softer advertising income weighed on the segment’s total revenue which was down 2% to R33.6 billion.
Depending what you read – and who you believe – the MultiChoice Group is in the process of being acquired by France’s Groupe Canal+.Important Kaizer Chiefs transfer update provided
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'They Offered Sundowns 400 000 Dollars''They Offered Sundowns 400 000 Dollars'
Read more »
South Africa: 400 MPs Take Oath for New Parliament - South African News Briefs400 MPs Take Oath for New Parliament
Read more »
Youth in Digital Africa Report to Inform Policy Changes for 400 Million Young AfricansAnnouncement - Leading research and advisory firm, Caribou Digital, in partnership with the Mastercard Foundation, has today released a new report on African young people and digital technology experiences, titled: Youth in Digital Africa: Our connections. Our choices. Our future.
Read more »
BMA sends 400 additional armed guards to South Africa’s troubled bordersThe BMA has happily received 400 fresh junior guards, who will be stationed at various points along the country's borders.
Read more »
Africa: China-Africa Trade Cooperation Fosters Inclusive, Sustainable Growth in AfricaChina-Africa trade cooperation is playing a pivotal role in fostering inclusive and sustainable development across Africa, according to a senior official with the United Nations Conference on Trade and Development (UNCTAD), Xinhua reports.
Read more »
Africa: As East Africa Grows, Southern Africa Is Being Left BehindAnalysis - Why is Southern Africa's economic growth the worst of all Africa's regions, while East Africa is number one?
Read more »