Understanding MultiChoice SA Joint leadership review from the MultiChoice Group and ˀultiʶ˛oice Sʴ c˛air and c˛ie˙ e˫ecuti˩e o˙ficer continued through the course of the year, refreshing the content mix, branding and DStv Rewards for the package, while also optimising DStv Premiership scheduling and adding ESPN 2 to the line-up. • General Entertainment (GE): The team reached its FY24 target a year early, delivering 50% of general entertainment spend in local content. Going forward, the focus will therefore shift to local content hours, which were up 9% YoY to around 6 500 hours in FY23, with two new local content channels launched in South Africa in FY23 to enhance the EasyView package. Big Brother Titans was also launched in January 2023, with housemates from South Africa and Nigeria participating in a special edition of the hit reality show. • SuperSport: With another successful FIFA World Cup under the belt as the exclusive home of all 64 matches in the 2022 iteration, the SuperSport team delivered almost 25 000 live events in FY23, up nearly 70% YoY, and over 1 000 of our own outside broadcast and studio productions. This included the successful debut of the SA20 cricket competition, which brought fans back into cricket stadiums and generated strong engagement on our linear and digital channels. We also continued to rollout unique local sports documentaries, including Rise about Siya Kolisi, and support women in sport, including upskilling an all-women crew ahead of the Netball World Cup in FY24. While we remain gravely concerned about the debilitating impact of loadshedding on South Africa, we believe the problem can be xed and are con dent that with technological solutions and political will, the damage done can be reversed, putting us on a growth trajectory once again. However, it is critical for action to be taken urgently. The current situation is impacting the pro tability of our South African business and, much to our dismay, is therefore also affecting our customers and the poorest of the poor, some of whom depend so heavily on our Phuthuma Nathi dividends. It is also having a devastating effect on the many small and medium businesses in our value chain. As we close the chapter on our reporting for FY23, we’re already approaching the end of our rst quarter of operations for FY24, and the remainder of the year ahead promises to be challenging. We are hard at work at managing our South African business through unprecedented challenges while implementing many initiatives to enhance our organisation and add value to our customers’ lives. As such, we remain con dent in the ability of our team to execute well and deliver ongoing success for our business by innovating and adapting. We look forward to reporting back to you, the Phuthuma Nathi shareholders, on our progress in another year’s time. Imtiaz Patel Calvo Mawela ʶhair ʶhief e˫ecutive officer Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 34
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