Content Technology and distribution Streaming and over the top (OTT) aggregation Advertising Group structure(1) MultiChoice SA (unlisted entity) MultiChoice SA is the leading video entertainment company in South Africa, providing world-class local and international content to 9.3m subscribers. MultiChoice Group (listed on the JSE) The MultiChoice Group is the parent company of MultiChoice SA, MultiChoice Africa Holdings, Showmax Africa and Irdeto. The MultiChoice Group has been listed on the JSE since 2019. (1) This graphic re ects the operational structure of the business and may differ from the legal structures. (2) MultiChoice Group holds 5.7% of Phuthuma Nathi due to the share swap transaction implemented in October 2019. South Africa (listed on the EESE) 76 961 Phuthuma Nathi shareholders (listed on the JSE) Holds 5.7%(2) of Phuthuma Nathi 25% 75% Phuthuma Nathi (listed on the EESE) The Phuthuma Nathi share scheme offers qualifying shareholders the opportunity to gain indirect exposure to MultiChoice SA by owning shares in Phuthuma Nathi. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 11 Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information
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