Information reaching Kossyderrickent has it that DSTV Multichoice lost R4.1B in recorded loss in middle year of 2024.
MultiChoice has recorded a R4.1 billion loss for the year and has become technically insolvent.
MultiChoice suffered a 9% decline in active subscribers, mainly due to a 13% decline in the Rest of Africa business and a 5% decline in South Africa.
Showmax, which re-launched in February, recorded a 16% growth in paying subscriber base from the migrated base.
The combination of foreign exchange headwinds and a lower subscriber base resulted in a 5% net decline in group revenues to R56 billion.