“Following its unbundling from Naspers, Multichoice Group listed as a separate entity on the JSE on Wednesday morning, trading at R95 a share. The company includes MultiChoice South Africa, Multichoice Africa, Showmax Africa and Irdeto.
The Independent Communications Authority of South Africa (ICASA) has noted the event with concern. That’s due to the fact that Multichoice is facing a complaint before ICASA’s complaints and compliance committee about having its shares trade on the bourse.
Group CEO of MultiChoice Calvo Mawela joined Business Day TV to discuss why it was pushed through nevertheless and what the listing means for growing the business as a stand-alone entity… “