Scope of the report and assurance

Since 2008 MultiChoice South Africa Holdings Proprietary Limited (MultiChoice) has annually reported to stakeholders on its non-financial performance. Our fourth integrated annual report covers the financial year from 1 April 2013 to 31 March 2014.


Our business

MultiChoice South Africa Holdings Proprietary Limited (MultiChoice) was incorporated on 19 May 2006. The principal activities of MultiChoice and its operating subsidiaries (collectively “the group”) are the operation of pay-television and internet subscriber platforms.


Financial review

The group performed well over the past year, increasing consolidated revenues by 15% to R27,5bn and core headline earnings grew at a similar pace to R5,7bn.

Operational review

MultiChoice comprises businesses that operate pay-television subscriber platforms, pay-television channels and internet and mobile platforms in South Africa.

  Chair’s report

Working with the recommendations of King III and global best practice, we present our fourth integrated annual report to stakeholders.