Could MultiChoice's French shareholder have more 'strategic plans' for DStv?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Canal+ has not wasted any time to increase its stake in Multichoice.
Photo: Gallo Images
Canal+ has not wasted any time to increase its stake in Multichoice. Photo: Gallo Images

The move by French media giant Groupe Canal+ SA to buy 6.5% of MultiChoice's shares was well received by the market, helping the pay-tv operator's share to gain over 9% when the JSE closed on Monday.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.42
+1.4%
Rand - Pound
20.04
+1.4%
Rand - Euro
17.13
+1.2%
Rand - Aus dollar
10.62
+1.0%
Rand - Yen
0.13
+1.2%
Gold
1,808.96
-0.3%
Silver
25.35
-0.6%
Palladium
2,682.50
+0.8%
Platinum
1,061.50
+0.9%
Brent Crude
75.41
+0.4%
Top 40
62,981
+0.2%
All Share
69,112
+0.2%
Resource 10
71,148
+0.7%
Industrial 25
87,908
-0.2%
Financial 15
12,937
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
Please select an option Oops! Something went wrong, please try again later.
Results
It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1513 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2342 votes
All grants are a problem as they foster a reliance on handouts
49% - 3704 votes
Vote