{"id":279815,"date":"2018-10-25T08:23:18","date_gmt":"2018-10-25T06:23:18","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=279815"},"modified":"2018-10-25T08:25:16","modified_gmt":"2018-10-25T06:25:16","slug":"executive-team-named-for-new-multichoice-group","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/279815\/executive-team-named-for-new-multichoice-group\/","title":{"rendered":"New Multichoice Group names executive team"},"content":{"rendered":"<p>Naspers has announced the executive leadership team for its newly formed Multichoice Group (formerly Naspers\u2019 Video Entertainment business).<\/p>\n<p>Calvo Mawela has been appointed group CEO and Imtiaz Patel has been appointed executive chairman. Further appointments include Tim Jacobs as CFO and Brand de Villiers as Group COO.<\/p>\n<p>The appointments will be effective 1 November 2018.<\/p>\n<p>Naspers announced in September that intended to list its video entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously unbundle the shares to its shareholders.<\/p>\n<p>The Multichoice Group is expected to be listed on the JSE in the first half of 2019 and will include Multichoice South Africa, Multichoice Africa, Showmax Africa, and Irdeto.<\/p>\n<p>In the last financial year, Nasper&#8217;s video entertainment unit added 1.5 million subscribers, and generated revenue of R47.1 billion and trading profit of R6.1 billion.<\/p>\n<p>This means that it is one of the fastest growing PayTV operators globally, Naspers said.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/media\/272405\/multichoice-is-working-on-a-dstv-streaming-service-which-could-launch-in-2019\/\" target=\"_blank\" rel=\"noopener\">Multichoice is working on a DStv streaming service \u2013 which could launch in 2019<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naspers has announced the executive leadership team for its newly formed Multichoice Group.<\/p>\n","protected":false},"author":10,"featured_media":279827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[26],"class_list":["post-279815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279815","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=279815"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279815\/revisions"}],"predecessor-version":[{"id":279843,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279815\/revisions\/279843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/279827"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=279815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=279815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=279815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}