{"id":294598,"date":"2019-01-22T07:32:07","date_gmt":"2019-01-22T05:32:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=294598"},"modified":"2019-01-22T07:32:07","modified_gmt":"2019-01-22T05:32:07","slug":"multichoice-sets-aside-r2-5-billion-for-dividends-from-2020","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/294598\/multichoice-sets-aside-r2-5-billion-for-dividends-from-2020\/","title":{"rendered":"Multichoice sets aside R2.5 billion for dividends from 2020"},"content":{"rendered":"

The MultiChoice Group Limited (MCG) has released a statement providing further details about its listing on the Johannesburg Stock Exchange (JSE).<\/p>\n

MCG – a spin-off from Naspers – will include MultiChoice South Africa (MCSA), MultiChoice Africa, Showmax, Irdeto and all their subsidiaries and affiliates.<\/p>\n

In the statement, the group said that trading in MCG shares is expected to commence on the JSE on Wednesday, 27 February 2019.<\/p>\n

Speaking to Reuters<\/a><\/strong>, Multichoice CFO Tim Jacobs said that the firm would make its first payment to shareholders in 2020 after the Johannesburg Stock Exchange (JSE) approved Naspers\u2019 plan to spin-off and list the pay-TV company.<\/p>\n

“The board intends to declare an inaugural dividend of R2.5 billion for our financial year 2020,” he said, although it did not plan to pay one in 2019.<\/p>\n

In the past two fiscal years, the MultiChoice Group has grown its subscriber base by 14% compound annual growth rate.<\/p>\n

For the financial year ended 31 March 2018, the MultiChoice Group’s subscriber base was 13.5 million, which represented a 13% increase over the financial year ended 31 March 2017. The MultiChoice Group’s revenues were R47.5 billion compared to R47.7 billion the year before.<\/p>\n

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Read:\u00a0Movie ticket prices in South Africa: Ster-Kinekor vs Nu Metro<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The MultiChoice Group Limited (MCG) has released a statement providing further details about its listing on the Johannesburg Stock Exchange (JSE).<\/p>\n","protected":false},"author":10,"featured_media":243829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[26],"class_list":["post-294598","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\/294598","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=294598"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/294598\/revisions"}],"predecessor-version":[{"id":294604,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/294598\/revisions\/294604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/243829"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=294598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=294598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=294598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}