MultiChoice, Africa’s biggest pay-TV operator, announced today that it expects to deliver a rise of between 35% (144 ZAR cents) and 40% (164 ZAR cents) of core headline earnings per share (HEPS) for full-year ended 31 March 2020.
HEPS is South Africa’s main profit gauge.
Africa’s biggest pay-TV operator said on Friday that trading profit is expected to be between 10% (R700 00) and 15% (R1.1 billion) higher than the prior year´s R7 billion.
The operator attributed the improved financial performance to management’s focus on cost containment, which allowed the business to offset these challenges and drive a further reduction in losses in the Rest of Africa segment that has been the largest contributor to the improvement in group performance.
MultiChoice announced on Monday it has invested R4.5 million in Bay TV, Soweto TV and Tshwane TV.
The investment is part of MultiChoice’s continued efforts to support the local video entertainment industry.
Each of the selected stations will use the R1.5 million funding for the creation of fresh, new content.
Towards the end of 2019, MultiChoice called on community TV stations across the country to submit original content ideas for consideration.
This Youth Month, MultiChoice Group (MCG) announced on Wednesday that it has entered into a partnership with the Youth Employment Service (YES) initiative.
The partnerships have resulted in the creation of 400 new job opportunities.
In addition, MCG has created 100 sports coaching learnerships through its Let’s Play initiative.
The two partnerships equate to a total investment of R50 million towards putting 500 South African youth to work.