MultiChoice’s fintech foray with Moment paying off

The JSE-listed MultiChoice informed shareholders today that the French media firm's stake has now increased to 40%.

MultiChoice and KingMakers have launched SuperSportBet, a sports and casino betting platform built in conjunction with SuperSport.

Malawi says MultiChoice's withdrawal will have a crushing impact on the economy, including taxes paid to the government.

The joint venture, Moment, will consolidate the $3.5 billion payments that the MultiChoice Group processes annually to expand options for subscribers.

Having started in South Africa in 2021, next year’s Programme will be rolled out in Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola and Ethiopia.

The company acquires a 20% stake in the Nigerian online sports betting company, with the potential for a further R500 million investment.

Company reaffirms intention to increase investment in the country.

Follows recent announcement that over 2 000 employees would be effected by the realignment of its call centre and walk-in centres.

The pay-TV operator today entered a new chapter after listing on the Johannesburg Stock Exchange.

Internet giant Naspers confirms its video entertainment business will list on JSE on 27 February.

Competition will come to the fore once fibre roll out matures in these countries, according to one industry analyst.