The Independent Communications Authority of South Africa (ICASA) has noted the article titled “BEE investors could gain from proposed MultiChoice sale” published in the Sunday Times today, Sunday, 4 February 2024.
In this article, Sunday Times reported that "since Canal+ already holds shares in MultiChoice and wants to buy the rest, ICASA said it expects no obstacles to the deal as Canal+ is proposing acquiring all the shares of Africa’s pay-TV operator at group level and not at the level of subsidiary MultiChoice (Pty) Ltd, the licence holder. This means Canal+ and MultiChoice will not contravene foreign ownership regulations."
ICASA would like to put on record that it did not provide comment on the above-mentioned extract or in relation to any “deal”. At this stage ICASA is not privy to the details of this deal and how this deal will change the shareholding structure of Multichoice.
ENDS.
For all media enquiries, please contact:
Milly Matlou
Email: Media@icasa.org.za