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

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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

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

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