Pay-TV vs streaming: MultiChoice fends off rivals
MultiChoice has drawn labour’s ire over a jobs cull. But investors are backing the company as it fends off competition
The climb in MultiChoice shares — up 43% since hitting a post-listing low of R93.33 — belies an increasingly uncertain future for the pay-TV operator in both its home market and elsewhere in Africa.
For a start, MultiChoice is going ahead with 2,194 job cuts. Ostensibly, the retrenchments follow a shift in consumers using its digital self-service channels, as opposed to its call and walk-in centres.