{"id":212723,"date":"2017-11-24T08:12:23","date_gmt":"2017-11-24T06:12:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=212723"},"modified":"2017-11-24T08:12:23","modified_gmt":"2017-11-24T06:12:23","slug":"dstvs-r500-million-sabc-deal-could-be-made-public-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/212723\/dstvs-r500-million-sabc-deal-could-be-made-public-report\/","title":{"rendered":"DStv&#8217;s R500 million SABC deal could be made public: report"},"content":{"rendered":"<p>MultiChoice and the SABC are heading to the Constitutional Court in an attempt to block the multimillion-rand deal between the two broadcasters from going public. According to a report by <strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2017-11-24-top-court-to-rule-on-review-of-sabc-deal\/\" target=\"_blank\" rel=\"noopener\">BusinessDay<\/a><\/strong>, the five year agreement saw\u00a0MultiChoice pay the SABC\u00a0more than R500 million in exchange for extensive rights to its archived content.<del datetime=\"2017-11-24T05:30:19+00:00\"><\/del><\/p>\n<p>The applicants &#8211; the SOS Coalition and Caxton and CTP Publishers and Printers &#8211; have applied to the court\u00a0to determine whether the Competition Commission was entitled to investigate the deal and to determine whether the deal\u00a0was a notifiable merger in terms of the Competition Act.<\/p>\n<p>If the court rules in favour of the applicants, not only will the Competition Commission investigate the deal, but the public will also be given an opportunity to scrutinise the value of the material the public broadcaster traded with MultiChoice, reports BusinessDay.<\/p>\n<p>MultiChoice has come under fire over the past month regarding the value of its broadcasting deals, with a number of emails from the Gupta leaks showing that the channel had entered into several multi-million rand deals with the family&#8217;s subsidiaries.<\/p>\n<p>This includes a\u00a0<strong><a href=\"https:\/\/pplaaf.in\/gleaks\/files\/Faith%20Muthambi\/nazeemh%40tnamedia.co.za_Ashu_.pdf\" target=\"_blank\" rel=\"noopener\">signed amendment<\/a><\/strong>\u00a0to an agreement which saw MultiChoice pay R50 million per year for ANN7 \u2013 up from the previous R20 million per year.<\/p>\n<p>On Sunday,\u00a0MultiChoice <strong><a href=\"https:\/\/businesstech.co.za\/news\/media\/211445\/dstv-to-axe-gupta-owned-ann7-report\/\" target=\"_blank\" rel=\"noopener\">confirmed<\/a> <\/strong>that it plans to drop the Gupta-backed news channel ANN7 from DStv when its contract expires in June 2018.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/media\/211445\/dstv-to-axe-gupta-owned-ann7-report\/\" target=\"_blank\" rel=\"noopener\">DStv to axe Gupta-owned ANN7: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MultiChoice and the SABC are heading to the Constitutional Court in an attempt to block the multimillion-rand deal between the two broadcasters from going public.<\/p>\n","protected":false},"author":10,"featured_media":136627,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[78,26],"class_list":["post-212723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-dstv","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=212723"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212723\/revisions"}],"predecessor-version":[{"id":212749,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/212723\/revisions\/212749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/136627"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=212723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=212723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=212723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}