Industry & AnalysisThe Big Story

DStv’s MultiChoice Group technically insolvent after historical loss of USD 200 million in 29 years

by Paul Murungi
SANDTON, SOUTH AFRICA: MultiChoice CEO Calvo Mawela during the listing of the company at the Johannesburg Stock Exchange (JSE) on February 27, 2019 in Sandton, South Africa. (Photo by Gallo Images / Business Day / Freddy Mavunda)
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South Africa's MultiChoice Group, the parent company of DStv, has registered its worst financial performance in its history revealing a loss of ZAR 4.1 billion (USD 222 million) for the financial year that ended March 2024, after a loss of ZAR 2.9 billion (USD 157 million) in the previous financial year in March, 2023.  The Group suffered a 9% decline in active subscribers mainly due

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