MultiChoice era on the JSE ends after six years

On Techpoint Digest, we talk about Canal+'s acquisition as MultiChoice exits the JSE, Starlink asks Namibians to support licence approval, and Ampersand bets big on a shared battery swap future.

Yassou,

Victoria from Techpoint Africa,

Here’s what I’ve got for you today:

Canal+ completes buyout as MultiChoice leaves JSE

Starlink asks Namibians to back licence approval

Ampersand bets big on shared battery swap future

Canal+ completes buyout as MultiChoice leaves JSE

(Image source: Bloomberg)

MultiChoice is officially entering a new era. After years of trading on South Africa’s stock exchanges, the pay-TV giant is preparing to delist as Canal+ completes its full takeover. It’s one of the biggest shake-ups the country’s media landscape has seen in a long time and marks the end of MultiChoice as a locally listed heavyweight.

In a notice published on the Stock Exchange News Services (SENS), MultiChoice pointed shareholders back to Canal+’s October announcement, where the French group confirmed it would trigger its legal right to buy out every remaining MultiChoice share. That compulsory acquisition kicked in on December 5, wrapping up the final phase of a deal that has been building for years.

With that step done, the last piece of the puzzle was regulatory approval for the delisting. MultiChoice now says all necessary approvals have been secured from the JSE, A2X and the South African Reserve Bank. This clears the way for MultiChoice’s shares to be removed from both exchanges when trading opens today, December 10, 2025.

This closes a chapter that began in 2019 when MultiChoice listed on the JSE after being spun off from Naspers. Under Canal+, the combined group will now serve more than 40 million subscribers across about 70 countries, backed by roughly 17,000 employees. Canal+ has also promised to meet all conditions set by competition authorities and plans a secondary inward listing on the JSE within nine months of the delisting.

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