Phuthuma Nathi IAR 2023

MultiChoice SA performance General Entertainment We showcase our content through traditional pay-TV, the Catch Up service, and via streaming through the DStv app. Demand for localised content and channels continues to grow, with audiences wanting to see more local stories. Consequently, we have further increased our local production hours and continue to focus on personalisation of content offerings, content discovery and support for aggregation of content and time-shifted viewing. M-Net M-Net 101 remains the agship General Entertainment channel for Premium subscribes. To keep up with evolving viewing preferences, M-Net 101 expanded its offering by curating additional seasons of bingeworthy box sets on Catch Up and the DStv app. This gives consumers the ability to engage with content through a personalised DStv app experience and enhanced content search functionality. Local reality shows, such as My Kitchen Rules South Africa, were among the most watched programmes on M-Net 101 in FY23. These series satisfy DStv Premium subscribers’ thirst for competitive skill-based game shows and remain a hit among our viewers. The hit local drama Lioness returned for its second season, and once again showcased M-Net’s thrilling storytelling. Returning international procedural series such as FBI, The Rookie, The Good Doctor, Blue Bloods, and Chicago Med have been instrumental in driving Catch Up viewing on M-Net 101. We also broadcast various internationally acclaimed shows, such as HBO’s House of the Dragon S1 and The Last of Us S1, concurrent with the airing in the United States of America. The Yellowstone franchise has also become a favourite among our audiences. Content is at the core of our business and our content offering sets us apart from our competitors. As Africa’s most loved storyteller, we offer a diverse variety of channels and content to cater to our customers’ multifaceted entertainment needs. From the production of shows and acquisition of channels and content, to our scheduling strategy, our key ambition is to surprise and delight our customers with great general entertainment all year round. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 58

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