This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Imtiaz Patel: 'We anticipate MultiChoice will be a Top 40 JSE-listed company'

Loading player...

JOHANNESBURG — Naspers' announcement that it intends to separately list and unbundle its video entertainment business as MultiChoice Group on the JSE has been seen as Naspers' first step in unlocking its stock discount in relation to its 31% Tencent stake. While Netflix and Amazon are starting to eat MultiChoice's lunch in South Africa, MultiChoice is still not a bad business by any stretch. For the year ended March, it generated revenues of R47.1bn and trading profits of R6.1 bn. In this teleconference call, Naspers CEO Bob van Dijk along with Naspers Video Entertainment CEO, Imtiaz Patel, explain the rationale for the unbundling. - Gareth van Zyl Learn more about your ad choices. Visit megaphone.fm/adchoices

18 Sep 2018 3AM English South Africa Investing · Business News

Other recent episodes

The NdB Sunday Show: Lauren Evanthia - Heat on Hill-Lewis, “Cat” cuts a deal, Mbalula blames Zuma, Jacinta’s agenda…

In the latest edition of the NdB Sunday Show with Chris Steyn, Lauren Evanthia, the Founder of the Organic Humanity Movement (OHM), talks about fears that the National Shutdown this week could spark unrest with African National Congress (ANC) SG Fikile Mbalula accusing former President Jacob Zuma of fuelling anti-immigrant…

28 Jun 8AM 27 min

BN Daybreak: Mark Pincus on consumer AI; SA election violence; and the Strait of Hormuz

The Zynga founder and OpenAI investor can't understand why analysts cap consumer AI at $500 billion in what he sees as a $6 trillion market - he thinks that gap is exactly where the real opportunity lies. Oil spiked as Iran struck a cargo ship in the Strait of Hormuz…

25 Jun 11PM 17 min

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…

25 Jun 7AM 9 min

DA supports ANC to pass R71bn Metro budget, political hits, by-elections result | Wayne Sussman

In the latest edition of The Electoral Road Show, Chris Steyn and elections analyst Wayne Sussman talk about Ekurhuleni finally managing to pass a R71-billion budget thanks to the Democratic Alliance (DA) supporting the African National Congress (ANC). Sussman warns: “...we know the Freedom Front did far better in Ekurhuleni…

25 Jun 4AM 13 min

BN Daybreak: Bafana Bafana makes history, Phala Phala updates, and the AI chip boom

South Africa made World Cup history as Bafana Bafana beat South Korea to reach the knockout stages for the first time ever. Oil slides for a fourth straight session on Iran deal oversupply, and Micron surges 11% on AI chip demand. The bigger question hanging over the morning: what has…

24 Jun 11PM 16 min

All episodes