MultiChoice Group reported a 9% yearly decline in active subscribers to 15.7 million due to challenging trading conditions in South Africa and Africa.
MultiChoice Group reported a 9% yearly decline in active subscribers to 15.7 million in its financial year ending March 2024, as it faces challenging trading conditions in South Africa and Africa. The 'rest of Africa' business saw a 13% fall in subscriber numbers year-on-year, with Nigeria, Angola, and Zambia experiencing the worst performances. The South African business dropped by 5%, while the group's loss for the year worsened by 42% to R4.1 billion due to currency volatility and increased trading losses for Showmax.
June 12, 2024
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