Contents Overview 1 MultiChoice SA performance highlights Introduction 4 About this report Understanding Phuthuma Nathi 8 Letter from the Phuthuma Nathi chair 11 Group structure 12 Snapshot of our history 14 Understanding your return on investment 15 Our Phuthuma Nathi board of directors 17 Phuthuma Nathi audit committee report 19 Report of the independent auditor 20 Summary annual nancial statements Understanding MultiChoice SA 32 Joint leadership review from the MultiChoice SA chair and chief executive of cer 36 How we create value – our business model 37 What we deliver – our products and services 38 Value created for our stakeholders 40 Socio-economic transformation 44 Our external environment 45 Opportunities and risks 49 Our strategic priorities MultiChoice SA performance 54 MultiChoice SA performance review 58 General Entertainment 62 SuperSport Financial review 66 Report of the independent auditor 67 Summary annual nancial statements Corporate governance review 82 Our board of directors 86 Summarised governance review 91 Entrenching an ethical culture 94 Delivering good performance 95 Maintaining our legitimacy 96 Ensuring effective control 98 Remuneration report Shareholder information MultiChoice SA 132 Notice of annual general meeting 137 Form of proxy 138 Notes to the form of proxy Phuthuma Nathi 140 Notice of annual general meeting 145 Form of proxy 146 Notes to the form of proxy IBC Administration and corporate information
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