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WATCH: How forex losses hurt MultiChoice

MultiChoice CEO Calvo Mawela talks to Business Day TV about the group’s maiden results

19 June 2019 - 08:43 Business Day TV
MultiChoice CEO Calvo Mawela. Picture: FREDDY MAVUNDA
MultiChoice CEO Calvo Mawela. Picture: FREDDY MAVUNDA

Following its unbundling from Naspers, MultiChoice has released its maiden results, reporting a headline loss due to foreign exchange losses, as well as the company’s decision in March to give additional equity to black investors at no cost.

Revenue ticked up 6% as it attracted more subscribers.

MultiChoice CEO Calvo Mawela joined Business Day TV to discuss the results and where the company is headed.

MultiChoice CEO Calvo Mawela talks to Business Day TV about the group’s maiden results

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