U.S.Justice Department Files Antitrust Lawsuit Against Google

The U.S. Justice Department filed an antitrust lawsuit Tuesday against Google, alleging the search giant is engaging in anticompetitive and exclusionary practices in the...

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Internet of Threats – Cybersecurity Measures In The IoT Landscape

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Pay-TV Operator MultiChoice Expects to Deliver Better Profits

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.

Also read: MultiChoice Invests in Bay TV, Soweto TV and Tshwane TV

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.

Also read: MultiChoice Invest R50-m in Youth Employment Service

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.

Latest Posts

Internet of Threats – Cybersecurity Measures In The IoT Landscape

By Kabelo Makwane Internet of Things (IoT) refers to any object or device that is connected to the internet. This rapidly expanding set of “things,”...

MTN South Africa Attracts More Customers As COVID-19 Bites

MTN South Africa attracted 1.9 million new customers to its Bozza network for the quarter ended 30 September 2020. The mobile phone company said this...

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The Dutch arm of South African internet titan Naspers, Prosus announced on Friday plans to acquire up to $5 billion (R82 billion) in total of...

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An app that takes away the notion that investing is hard and expensive has been adjudged the overall winner of the MTN Business App...

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