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Hyde Park Corner Revving Up for a High-Octane Father’s Day Weekend! Fasten your seatbelts! This long weekend, Hyde Park Corner, in collaboration with Wanted magazine and Zebra Square Gallery, transforms into a car lover’s paradise to celebrate Father’s Day. Here’s a sneak peek at the high-octane excitement awaiting you: A Car Lover’s Dream: The Centre …
Panyaza Lesufi re-elected as Gauteng Premier
Panyaza Lesufi has been re-elected as the Gauteng Premier for the seventh administration.
Lesufi was elected unopposed during a Special House Sitting on Friday at the Gauteng Provincial Legislature at the Selborne Hall in Marshalltown, Johannesburg.
The Gauteng Provincial Legislature held its first sitting since the General Elections last month.
Former Arts and Culture MEC in Gauteng, Marakane Mosupyoe, was elected Speaker of the Legislature unopposed.
Judge President of the Gauteng High Court Dunstan Mlambo presided over the swearing-in of new members of the Legislature.
“The people of the province have spoken and we have heard them. We’ve been asked to work together... We’ve been asked to combine our ideas for a better Gauteng, to combine our ideas, we will do, together (sic),” Lesufi vowed.
He told the Legislature that he accepted the Premiership with “deep humility” before declaring that “no one will be left behind” in this new administration.
“Our task from today is to build a better Gauteng. Our task from now on is to make Gauteng attractive for all families, all forms of investment, for workers, youth and students and attractive for sporting and cultural events.”
He also highlighted the importance of the safety of women and children in the province.
“Our mandate is simple: crime and lawlessness, your time is up. Our mandate is simple: municipalities play your part, we will play our part.
“Our mandate is simple: Johannesburg CBD, Alexandra township, Sethokga hostel, Makause informal settlement, we are ready to make you beautiful again.”
The Premier expressed his appreciation to all the political parties in the House and urged them to make the government of unity a reality.
“My sincerest appreciation to the officials and staff of the Gauteng provincial government and former leaders and members of this legislature.
“I am nothing without the ANC and our alliance partners. The movement of the people, by the people. Thank you so much for assigning me to be an instrument of change, an instrument of liberation.”
"Failure is not an option but success is compulsory. Less talk, more work. Let us grow Gauteng together,” Lesufi said. – SAnews.gov.za
Gabisile
Fri, 06/14/2024 - 15:04
The stunning KwaDukuza will host the 55th Ballito Pro Presented by O’Neill from 25 June to 8 July. Alongside all the surfing action of The Ballito Pro Challenger Series at Willard Beach, visitors to the KwaZulu-Natal North Coast’s shores can enjoy the jam-packed festival programme featuring live entertainment, quality retail, extreme sports, art activations, kids’ …
Chikunga welcomes sentence imposed on driver in fatal crash
Transport Minister Sindisiwe Chikunga has welcomed the 10-year imprisonment sentence imposed on the driver who caused the collision that claimed the lives of her son, daughter-in-law and four grandchildren in 2022.
Speaking after the Ladysmith regional court imposed the sentence on Wednesday, Chikunga commended the court for the sentence and said justice has been done.
“However, it is not going to bring back my children. It is six children, who had a bright future ahead of them,” Chikunga said.
Handing down the sentence, Regional Court Magistrate, E L Louw, said she had considered the seriousness of the offence, the interest of the public and the accused’s personal circumstances in passing sentence.
Louw said the accused, Celumusa Ngwenya, was 35 years old, had three children and was an amputee.
Ngwenya had his right leg amputated following a road accident in 2018 and he bought a bakkie after obtaining R1.8 million in compensation from the Road Accident Fund (RAF) in 2022.
The magistrate imposed 10 years direct imprisonment and cancelled Ngwenya’s driving licence.
Four months before the tragic crash involving the Minister’s family, Ngwenya applied for a driving licence to drive heavy motor vehicles. The application was made at the Randburg driving licence testing centre, where he was issued a licence to drive a light motor vehicle.
Circumstance surrounding the issuing of the licence are deemed suspicious and the Road Traffic Management Corporation (RTMC) will conduct a thorough investigation.
The magistrate found that Ngwenya was grossly negligent, noting he was driving at excessive speed and had ignored a barrier line before the collision occurred.
“Evidence showed that he was driving at 153 kilometres per hour and operated the vehicle with his left leg because he had a prosthetic right leg. There was no reason, there was no emergency, and the accused said his children were at home,” the magistrate said.
RTMC CEO Advocate, Makhosini Msibi, gave evidence in aggravation of sentence and pointed out that road crashes were costing the economy R198 billion a year.
Msibi said the road on which the crash happened was notorious for deadly collisions and was classified as one of the national hazardous routes.
He said Ngwenya had not made any attempts to stop or reduce speed before the collision happened, and the mechanical investigation of the vehicle showed that the throttle was open, indicating that the vehicle was still in motion even after impact.
The CEO said the RTMC is investigating the circumstance in which Ngwenya was issued a licence, and that the officials who processed his application will be held accountable. – SAnews.gov.za
GabiK
Fri, 06/14/2024 - 09:54
Michelin launched its latest research – Unlocking the Power Of TCO: A Fleet Manager’s Guide to Efficiency and Sustainability – an industry first aimed at shifting the mindsets of South Africa transporters to run more efficient and sustainable fleets. The 2023 Decarbonising South Africa’s Transport Sector report noted that, in South Africa, transport is the third largest …
Johannesburg, South Africa – The much-anticipated SA Podcast and Music Festival is set to debut at the Red Roman Shed in Emperors Palace, bringing together major media powerhouses for a one-of-a-kind event focused on the development and empowerment of content creators. Festival organizer Nicolas Regisford remarks, “The opportunity to collaborate with SABC and Arena Holdings …
In the dynamic realm of podcasting, where voices transcend boundaries and ideas spark revolutions, one name stands out as a beacon of conversational alchemy: Ursula Mariani. Host, co-producer, devoted mother, lecturer, and relentless podcaster, Ursula embodies the essence of meaningful dialogue and transformative encounters. At the core of Ursula’s ethos lies a simple yet profound …
SA records second death from Mpox, with six known positive cases
Health Minister Dr Joe Phaahla has announced a second death linked to Mpox, formerly known as monkeypox.
The announcement comes less than 24 hours after the government provided an update on its efforts to control the spread of the infectious disease.
According to the department, the deceased was a 38-year-old male patient, who was admitted at a local hospital in uMgungundlovu, KwaZulu-Natal.
The patient tested positive for Mpox on Wednesday after presenting with extensive lesions, lymphadenopathy, headache, fatigue, oral ulcers, muscle pain, and a sore throat.
“The patient has unfortunately demised in KwaZulu-Natal the same day his test results came back positive,” the statement read on Thursday.
The deceased is said to have been living with HIV and listed his residential address as Brakpan in Gauteng.
This brings the total number of positive cases in the country from five to six, and two deaths within five weeks.
“The department is working closely with both Gauteng and KwaZulu-Natal Departments of Health to investigate the case. Further updates and reports will be provided once the investigation has been concluded.”
Data shows that the sequencing results for the first three cases, sequence typed as clade ll b, the same as the sub-lineage responsible for the multi-country outbreak, which began in 2022 and has since spread to over 100 countries.
Phaahla emphasised the importance of personal hygiene, timely presentation at a health facility for early diagnosis, effective treatment in the case of suspected symptoms, and close physical contact with a known case.
“Mpox is a preventable and treatable disease if diagnosed early. People are urged to avoid physical contact with someone who has Mpox, practice hand hygiene and respiratory etiquette.”
The department is also warning patients to avoid contact with immunocompromised people, children or pregnant women, who may be at higher risk of severe symptoms if exposed.
Addressing the media on Wednesday, the Minister said there was currently no registered treatment for Mpox in South Africa.
However, he said the World Health Organisation (WHO) recommends using Tecovirimat, also known as TPOXX, for treating severe cases, such as in individuals with a CD4 count of less than 350.
He announced that the department has obtained TPOXX via Section 21 South African Health Products Regulatory Authority (SAPHRA) approval on a compassionate use basis for known patients with severe disease.
The Minister said they are still looking at obtaining vaccines and considering various options, including who will be the priority target in terms of immunisation.
Government is also looking at immunising sex workers, men who have sex with men (MSM), healthcare workers, and laboratory workers.
The department, working together with partner organisations, has intensified both targeted and public awareness to empower citizens with crucial information related to Mpox.
The Minister also emphasised the importance of managing stigma for key populations at risk, while there have been no recommendations for any travel restrictions.
“I think one can safely say that, especially for adults, anybody who develops those kinds of eruptions on their skin, even if you may think it might be chickenpox, even young people, should seek medical attention,” he said. – SAnews.gov.za
Gabisile
Thu, 06/13/2024 - 10:18
For as long as he could remember, Dudley Stops (58) had enjoyed a drink in social settings, whether it was camping, at a braai with friends, or on the golf course. However, everything changed after Covid-19 when he was forced to face the reality of his situation – he was an alcoholic. “When lockdown started, …
The service is available only for mini bus taxis belonging to taxi associations registered with the Department of Transport and are permitted to operate on the routes covered by the App. Taxi Travel Agency will collaborate with the local mini bus taxi industry including South African National Taxi Council (SANTACO) and National Taxi Alliance (NTA). …
Farmers had been working communal land near Phalaborwa since 2014
“These are our families and this is causing new pain”
The Centre for Applied Legal Studies and Right2Protest hope legislators will adopt it to protect journalists and activists
At the 2024 World Drinks Awards held in London, Van Ryn’s 15-Year-Old Potsill Brandy was awarded World’s Best Wine Brandy, for the second consecutive year, beating fierce competition from France, Spain, Australia and other South African prominent brandy producers within the 2024 World Brandy Awards category. This marks the 4th time within 5 years that …
Shoprite Group opens pathways to job opportunities for unemployed youth This Youth Month, the Shoprite Group is calling on unemployed and unskilled South Africans, aged 18 to 34, to apply for specialist training and education programmes to increase their employability in the retail sector. A staggering 45,5% of South African youth grapple with the reality …
City of eThekwini says the water crisis in parts of the city will only be fully resolved in 2025
Siqalo Foods, manufacturer of popular spreads such as Rama and Flora in South Africa, hosted beneficiaries of its Sekela Hospitality Support Programme (Sekela HSP) on Monday 3rd June 2024, at a special, “Share” networking event. Held at the company’s office in Westville, recipients were invited to meet with the team from Siqalo Foods that has …
June 2024 , Cape Town, South Africa -Since late 2022, Gumtree SA has been entirely SA-owned for the first time. “Becoming locally-owned, hosted and controlled has been a significant strategic boost for Gumtree South Africa (SA)”, says Marcus Badach, Chief of Staff at Gumtree South Africa. “This localisation and the resultant agility have made a …
Clearworld Suppliers along with Sanpellegrino and Acqua Panna have collaborated with the Sommeliers Academy, to introduce the pioneering Upliftment Scholarship Programme in South Africa. This initiative aims to elevate the standard of service in South African restaurants and bar venues to an international level. Administered by the Sommeliers Academy, this dynamic Scholarship Programme is designed …
Reload Logistics (www.ReloadLogistics.com/), a leading provider of end-to-end supply chain solutions, proudly unveils its new brand identity to better align with its innovative, modern approach to logistics. Founded in 2007, Reload has been strategically amassing assets across major routes and ports in Sub-Saharan Africa to provide clients with the most flexible and accessible solutions in the market.
The new brand embodies Reload's commitment to constant innovation, ensuring clients receive the most efficient and forward-thinking solutions for their cargo. This fresh visual identity reflects the company's ongoing commitment to innovation and excellence in the supply chain sector.
Reload Logistics is rapidly accelerating its growth with an already vast asset portfolio, including warehouses, trucks, and rail capabilities across all major routes and ports in Sub-Saharan Africa, providing end-to-end services to global clients. In addition to the rebranding, several key developments will enhance Reload's capabilities and service offerings:
Expansion of RGT Warehouse in Zambia: The RGT facility in Zambia has expanded to a total storage capacity of 80,000 sqm, with 60,000 sqm of covered storage and a 20,000 sqm secure bonded yard. This expansion provides Reload Logistics' clients with more efficient cargo handling and ample space for diverse commodities.
Sulphur Bulk Terminal in Richards Bay: Reload has invested in a 50,000 sqm Sulphur Bulk Terminal in Richards Bay, South Africa. This strategic addition complements the company's extensive portfolio, which includes a fleet of over 1,000 trucks, 200 wagons, and more than 1 million sqm of warehousing space across 13 countries.
Acquisition of Five Locomotives: To enhance service capabilities, Reload Logistics has acquired five diesel-electric mainline freight and passenger locomotives. These locomotives enable the company to handle larger cargo volumes, ensure timely deliveries, and offer greater routing flexibility while reducing its carbon footprint with energy-efficient technology.
"We are excited to unveil our new brand identity," said Roger Graham, Chief Marketing Officer of Reload Logistics. "This new look represents our growth and innovation. Our expansions and acquisitions underscore our commitment to providing top-tier service enabled by our forward-thinking solutions designed for our clients."
Visit our new website at www.ReloadLogistics.com to explore the refreshed brand and discover how Reload Logistics can provide tailored solutions for your logistics needs.
Distributed by APO Group on behalf of Reload Logistics.
For media inquiries, please contact:
Roger Graham
Chief Marketing Officer
Email: brand@reloadlogistics.com
About Reload Logistics:
Reload Logistics is one of Africa's leading providers of end-to-end supply chain solutions for metals, minerals, soft commodities, and project cargo. With over 1,000 trucks, rail wagons, and more than 1 million sqm of storage, Reload Logistics operates in more than 13 countries, providing seamless freight solutions across Africa, Asia, and Europe. Fueled by cutting-edge technology, Reload Logistics ensures real-time updates for clients in challenging supply chain environments, reaffirming its position as an industry innovator.
South Africa’s Constitution charts our way
By Michael Currin
South Africa recently concluded its seventh democratic general elections, ushering in a new chapter in our democracy, as there was no outright majority winner. While this may in some regards feel like unchartered waters for many South Africans and will require political parties to work together in a new way through a government of national unity, this is not entirely new territory for our nation. Above all, this period will be guided by our world acclaimed Constitution, which lays the foundation for a democratic and open society in which government is based on the will of the people.
The Constitution was designed to create an environment for all South Africans to work together in the interest of advancing our nation and the rights of her citizens. It enshrines the rights of every South African and explains our obligations as citizens to each other and the country within those rights.
Importantly, in this period following the elections, the Constitution sets out specific timelines within which members of elected political parties must be sworn in as new lawmakers and within which the National Assembly must sit and elect the Speaker and President. The first sitting of the National Assembly must occur no more than 14 days after election results are declared.
As the legislative authority of the Republic, the National Assembly must ensure a government by the people by choosing a President, who must within five days, then assume office by swearing or affirming faithfulness to the Republic and obedience to the Constitution at an inauguration ceremony. The Constitution empowers the President to appoint the Deputy President and Ministers and assign them functions.
These precepts of the Constitution have long been a foundation upon which we have built our nation and continues to guide our actions in the administrative processes of our democracy. We once again lean on our nation’s founding document for direction, stability and certainty.
Moreover, our Constitution empowers government and society at large to take steps to promote equality by advancing people who have been disadvantaged by unfair discrimination.
It is regarded as one of the most progressive in the world and many of its provisions are based on the Freedom Charter. The charter was adopted in 1955 in Kliptown following wide consultation with thousands of people about the South Africa they would like to live in. Its preamble is incorporated in the Constitution.
While South Africa is a diverse country it is strengthened by a common heritage and common values as outlined in the Constitution. Our social cohesion as a nation is informed and rooted within our Constitution. It shows how South Africans can unite and work towards a common goal.
The Constitution anchors our vision of a “South Africa that belongs to all who live in it, united in our diversity”. Without a high degree of social cohesion and without unity of purpose it is difficult to envisage South Africa overcoming the obstacles that stand in the way of prosperity and equity.
It is important to stress that our Constitution does not solve problems in themselves; however, it gives us a platform to solve problems. It contains checks and balances to ensure accountability and the protection of the rights of citizens are adhered to and respected.
As the country continues on its democratic journey towards a new administration, the work of the State, will not be impacted. Our service delivery programmes continue in line with commitments in the Strategic Plans and Annual Performance Plans of government departments. The Constitution compels officials in all institutions of public administration to be accountable to the people they serve.
South Africans can therefore rest soundly, knowing that our democracy remains robust and strong in line with our Constitutional commitments. As we prepare to enter our seventh administration, let us make the tenets of the Constitution part of our daily lives to build a better nation.
*Michael Currin is the Deputy Director-General: Intergovernmental Coordination and Stakeholder Management at GCIS
Janine
Wed, 06/12/2024 - 10:39
One Mpox patient passes away, while four are still in recovery
Health Minister Dr Joe Phaahla has announced that one of the five Mpox patients in South Africa passed away on Monday at Tembisa Hospital in Gauteng.
This comes after two cases were confirmed in Gauteng and three in KwaZulu-Natal.
“In all cases, patients are males aged between 30 to 39 years without travel history to the countries currently experiencing an outbreak, which suggests there is local transmission of this infectious disease in the country,” the Minister said on Wednesday.
According to the Minister, the deceased was originally from KwaZulu-Natal but has not been at home since December last year.
The Minister made these announcements during a media briefing on Wednesday centred on the management of the monkeypox outbreak in the country.
Phaahla stated that all cases were classified as severe cases, as per the World Health Organisation (WHO) definition requiring hospitalisation.
The patients have comorbidities and have been identified as key populations, including men who have sex with men (MSM).
The Minister told the media that one of the patients has since been discharged, one is isolating at home, while two are still in hospital.
Phaahla explained that the sequencing analysis of three of the cases revealed Mpox clade IIb, a variant dominant in the multi-country and post-outbreak, which began in 2022.
The last time South Africa recorded positive cases of Mpox was in 2022, when five cases were confirmed in the Western Cape, KwaZulu-Natal, Limpopo and Gauteng, with no cases reported in 2023.
“So, the one in our country is consistent with the multi-country outbreaks in various parts of the world and different from the strain variant in the DRC,” he explained.
Contact tracing
The National Institute for Communicable Diseases (NICD), the Minister said, continues with epidemiological and surveillance activities to identify cases for investigation to estimate the magnitude of disease through systematic data collection and analysis.
He told the media that 38 contacts were identified in KwaZulu-Natal, while one of the patients indicated to have had sexual contact with multiple partners, including both males and females.
Meanwhile, the Outbreak Response Team have embarked on contact tracing and case finding in the affected provinces.
“Encourage people who may know that in one way or another have been associated with someone with the disease or showing any symptoms of skin lesions or rashes to approach their nearest health facility.”
Vaccine
Currently, there is no registered treatment for Mpox in South Africa.
However, the Minister said the WHO recommends using Tecovirimat, also known as TPOXX, for treating severe cases, such as in individuals with a CD4 count of less than 350.
He announced that the department has obtained TPOXX via Section 21 South African Health Products Regulatory Authority (SAPHRA) approval on a compassionate use basis for known patients with severe disease.
The Minister said they are still looking at obtaining vaccines and considering various options, including who will be the priority target in terms of immunisation.
However, he believes that high-risk groups should be prioritised, including sex workers, MSM, healthcare workers, and laboratory workers.
The department, working together with partner organisations, has intensified both targeted and public awareness to empower the citizens with crucial information related to Mpox.
The Minister also emphasised the importance of managing stigma for key populations at risk, while there have been no recommendations for any travel restrictions.
“I think one can safely say that, especially for adults, anybody who develops those kinds of eruptions on their skin, even if you may think it might be chickenpox, even young people, should seek medical attention.”
He said government endeavours to prevent any further deaths.
“We already have one fatality and he was quite sick, and were informed that even though the antiviral agent because of the severity of the sores, he could not swallow his treatment and died within a few days.” – SAnews.gov.za
Gabisile
Wed, 06/12/2024 - 12:50
MultiChoice Group (www.MultiChoice.com/) demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48%, despite very challenging macro-economic conditions. Clear strategic milestones were reached, with the group successfully launching Showmax 2.0, SuperSportBet and Moment, all of which are now revenue-generating and supporting the group's future growth prospects.
Download document: https://apo-opa.co/4cj3eXQ
“Four years after setting out a clear strategy of building Africa's entertainment platform of choice and investing in services to support a broader ecosystem, our three core segments are now fully operational: video entertainment, interactive entertainment and fintech. Our focus now shifts to building on these solid foundations to drive growth in these new areas, and on further enhancing business efficiency across our operations.
While we are not alone in feeling the challenges of a weak consumer environment, I am proud of the speed and effectiveness of the team in implementing strategic actions to retain customers, safeguard cash generation and drive costs savings which surpassed our targets. It is the strength of this team, the quality of the underlying business and the clarity of our strategy which underpins my confidence in delivering on our potential,” said Calvo Mawela, MultiChoice Group CEO.
Some key points for the past financial year:
MultiChoice is by far the largest producer of original content on the African continent. In FY24, the group again produced over 6 500 hours of local content and its local content library now has more than 84,000 hours of content, a 12% increase YoY.
The highlight for the year was Shaka Ilembe, which launched on Mzansi Magic in June to become Africa's biggest TV series. Filmed entirely on location in South Africa, it was created through the skills and contributions of over 8 000 people. The premiere episode attracted over four million viewers and was the top-performing show with an audience share of over 45% in its time slot.
Other content highlights of the year was Reyka (season 2), Devil's Peak and White Lies on linear (co-produced with Fremantle, Canal +, Abacus Distribution and BBC Studios-owned Lookout Point) and Spinners, Original Sin: My Son The Killer, and Catch Me a Killer, on streaming. Across Africa, the group launched 3 new proprietary channels - in Ethiopia (Maaddii Abol), Uganda (Pearl Magic Loko) and Mozambique (Maningue Magic Kool) while also producing content in Africa's 4th most spoken language, Oromo.
SuperSport broadcast 34 490 live events during the year – arguably more live sport than any other broadcaster in the world. Highlights included the Rugby World Cup in France, the Cricket World Cup in India, a second SA20 season in South Africa, AFCON, FIFA Women's World Cup in New Zealand and Australia, as well as the Netball World Cup in Cape Town.
SuperSport Schools more than doubled its registered user base during the year. The fast-growing platform displayed more than 49 000 hours of live programming across 43 different sports codes, covering 900 school sport festivals and events, featuring more than 1 100 schools, and over 14 500 teams.
SEGMENTAL REVIEW
South Africa Pay-TV (MultiChoice South Africa)
Due to a strong focus on retention initiatives, the decline in active subscribers in South Africa was limited to 5%, despite the challenging environment. The base now stands at 7.6 million households. Power outages experienced on 275 days of the year further discouraged potential subscribers without backup power.
Although the Premium bouquet is trending toward a stable base given the targeted retention efforts, the premium customer tier (which includes the Premium and Compact Plus bouquets) declined by 8%. The mid-market Compact base, which is most exposed to the macro-economic challenges, was down 9%, while the mass-market tier was 2% lower due to pressure in the Family base, the impact of loadshedding, and reduced decoder subsidies.
A consequent 3% decline in subscription revenues and softer advertising income weighed on the segment's total revenues (-2% to ZAR33.6bn), but was partially offset by strong traction from new revenue streams, especially the insurance business (NMSIS) which reported a 35% increase in premium revenue to almost ZAR1bn. Several interventions to reduce costs enabled the SA business to achieve a trading margin of over 26%.
Rest of Africa Pay-TV (MultiChoice Africa)
The business in the Rest of Africa faced the toughest macro-economic conditions in its core markets with high, double-digit inflation and extreme depreciation of local currencies, (especially in Nigeria, Angola, Kenya and Zambia) which impacted USD revenues by 32%.
The active subscriber base declined to 8.1m, but effective retention efforts contributed to an improved subscriber mix.
Due to the challenging market dynamics, the short-term focus of this business shifted from subscriber growth to safeguard profitability and cash flows. Several cost-saving initiatives were implemented, including scaling back significantly on decoder subsidies (-46% YoY or ZAR1.3bn), and reducing SG&A costs by ZAR500m. These interventions enabled the Rest of Africa business to increase trading profit by 48% YoY to ZAR1.3bn.
Sub-Saharan Africa SVOD (Showmax)
FY24 was a pivotal year for Showmax as it relaunched across 44 markets in sub-Saharan Africa on Peacock's world-class platform, which is 4K/HDR and ATMOS ready. Almost 100% of the eligible customer base was migrated to the new Showmax platform, and 88% of those migrated had reactivated their accounts in the seven weeks to year-end.
Alongside local content from M-Net, Mzansi Magic, Africa Magic and Maisha Magic, Showmax ramped up its local content, releasing 59 original movies and series in SA, Nigeria, Kenya and Ghana (FY23: 48). Popular shows that drove viewership included Tracking Thabo Bester, Koek, The Mommy Club, Youngins, Red Ink, Adulting, Outlaws and Real Housewives of Durban in South Africa, Cheta'm, Real Housewives of Lagos, Dead Serious, Wura and Flawsome in Nigeria, and Single Kiasi and Second Family in Kenya.
Showmax revenues for the year grew by 22% (+22% organic) to ZAR1.0bn, while trading losses increased to ZAR2.6bn. These losses came in below the expected range of ZAR3-4.0bn. As noted before, due to the partnership agreement signed in 2023, 30% of Showmax's funding requirements is contributed by Comcast.
Technology (Irdeto)
Irdeto's strong execution, enabled it to become the market leader in managed security services for video with a 22% market share. It also saw significant success in combatting piracy, taking down some 30 000 streaming piracy services during the year. Revenue increased by 17% (7% organic) driven by external customers across video entertainment, gaming and connected transport, with some additional uplift from a weaker ZAR against the USD. Disciplined cost management supported a 23% trading margin.
Irdeto shipped its first keyless solutions to leading customers, including one of the largest fleet operators in the US market. This resulted in a revenue increase of 119% YoY in the connected transport division, with revenue from new services now representing a combined 35.7% of total revenues.
Sports betting and interactive entertainment (KingMakers)
KingMakers reported strong growth in the online business in Nigeria, with monthly active users up 37% YoY and online gross gaming revenues up 26% YoY in constant currency. New products were also launched, including BetKing Casino and BetKing FootballGO, a virtual football sportsbook service.
Revenue of USD147m was affected by the weak Naira, while the business reported a positive EBITDA of USD2m. At the end of its December year-end the business had a retained cash balance USD113m to fully fund its growth initiatives.
KingMakers launched the SuperSportBet business in South Africa in January 2024. Its pre-game shows and live feed integration with SuperPicks, as well as the Playbook preview show were key drivers of uptake, further supported by SuperSportBet becoming the official betting partner of local soccer clubs, Kaizer Chiefs and Orlando Pirates.
Fin-tech (Moment)
After being founded during FY23, Moment officially launched in FY24. The business played a vital role in the Showmax relaunch stepping up to fill a critical payments gap. In January this year, Moment also began processing MultiChoice's payments for DStv, reaching a milestone of processing USD85m in payments in early March 2024.
To-date, Moment has processed local and cross-border card payments in 44 Showmax markets and is already accounting for more than 20% of Group's payment volumes. It also joined real-time payment networks in 18 countries, including South Africa, and is currently piloting instant payment and account activation for DStv.
The business raised an additional USD22m of funding, with MultiChoice contributing USD8m. As a result, Moment is now valued at USD82m and MultiChoice owns a 26% stake.
FUTURE PROSPECTS
The linear video-entertainment business remains the mainstay of the group's operations and provides a valuable base from which to expand its service offerings. The new streaming, interactive entertainment, fintech and connectivity services are having a positive impact on the business, and more importantly, on the lives of its customers. Going forward, the group will focus its efforts on scaling Showmax, Moment, SuperSportBet, as well as on driving growth in insurance (NMSIS), DStv Internet and DStv Stream.
To counter the challenges around an uncertain economic recovery globally and across the group's operating footprint, the group will continue to drive business efficiency and cost optimisation, with an increased cost savings target of ZAR2bn.
Not only should this mitigate the ongoing impact of currency volatility and consumer weakness on performance, but together with the company's strategic plans to continue adapting its platforms to cater to customers' evolving needs, it positions the group well to prosper once currencies stabilize and economies rebound.
Distributed by APO Group on behalf of MultiChoice Group.
MultiChoice Group Contact Details:
Litlhare Moteetee
Senior Manager: Corporate Communications
Litlhare.Moteetee@Multichoice.co.za
Meloy Horn, Head of Investor Relations
Mobile: +27 82 772 7123
meloy.horn@multichoice.com
About MultiChoice Group:
MultiChoice Group (MCG), listed on the Johannesburg Stock Exchange (JSE), is a leading provider of entertainment and related consumer services, with an expanding ecosystem, underpinned by scalable technologies, and a track record now spanning almost 40 years. MCG provides video entertainment products and services through its linear and streaming platforms to 23.5m households across 50 countries on the African continent and continues to grow by producing and acquiring the best local, sport and international content and offering tiered subscription packages and aggregated streaming services to its customer base. MCG's superior technology capabilities enables it to continue innovating around distribution, digital and payment solutions and content security to offer the best customer experience across the continent. Reaching up to 100 million individuals on a daily basis, the MultiChoice Group is using its scale and distribution to expand its platform to include sports betting and interactive entertainment, fin-tech services, household services (focused on internet connectivity and emergency response services) and ed-tech. Irdeto, MCG's technology business, provides platform cybersecurity services which protect over 6bn devices and applications globally for some of the world's best media and technology brands, as well as clients in the connected industries sector.
NEW YORK: Proteas seamer Ottneil Baartman is living the dream after a staggering ICC Men’s T20 World Cup debut earlier this...