MultiChoice declares ZAR 1.5 bln payment to Phuthuma Nathi shareholders

Thursday 29 August 2019 | 10:08 CET | News
MultiChoice South Africa (MCSA) has declared a dividend to Phuthuma Nathi (PN) shareholders of ZAR 1.5 billion, an increase of 13.6 percent from 2018. The extra 5 percent share allocation given to PN, as part of MultiChoice Group's (MCG's) listing, contributed to the increase in dividend. PN is a Broad-Based Black Economic Empowerment (B-BBEE) scheme that owns a 25 percent stake in MCSA. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Broadcast & Satellite
Companies: MultiChoice / Naspers
Countries: South Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


MultiChoice concludes share exchange offer to Phuthuma Nathi shareholders

Published 04 Nov 2019 09:54 CET | Nigeria
The MultiChoice Group (MCG) has concluded its offer to Phuthuma Nathi (PN) shareholders to exchange up to 20 percent of their PN ...

MultiChoice backs Joburg Film Festival from 19-24 November

Published 06 Sep 2019 09:51 CET | South Africa
The Joburg Film Festival and the MultiChoice Group have announced a new partnership. The festival runs from 19 to 24 November and ...

MultiChoice re-launches DStv and GOtv customers up-selling campaign

Published 03 Sep 2019 11:06 CET | Nigeria
MultiChoice Nigeria has announced the return of its "Step Up" campaign aimed at DStv and GOtv customers. It runs from 02 ...

MTN South Africa seeks ZAR 1.5 mln from employees looking to own stores

Published 21 Aug 2019 10:24 CET | South Africa
MTN South Africa has released the criteria for employees who wish to take over its stores, in a proposed deal that will see the ...

Trade union criticises MTN South Africa's plan to sell stores

Published 15 Aug 2019 11:53 CET | South Africa
The Communication Workers Union (CWU) has criticised MTN's plans to sell its stores in South Africa, reports ITWeb.  Details have ...