French media group Canal+ has completed a $3 billion deal to acquire full ownership of South Africa-based Multichoice Group, the parent company of DStv and GOtv.The acquisition received approval from South Africa's Competition Tribunal on July 23, 202… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader French media giant finalises $3bn acquisition of Multichoice, takes control of DStv and GOtv By sbinsights on July 25, 2025 French media group Canal+ has completed a $3 billion deal to acquire full ownership of South Africa-based Multichoice Group, the parent company of DStv and GOtv. The acquisition received approval from South Africa's Competition Tribunal on July 23, 2025, clearing the path for Canal+ to increase its stake from 45.2% to 100%. The transaction, valued at around 55 billion rand, is expected to be finalised by October 8, pending final clearance from the Independent Communications Authority of South Africa. In a statement issued via the Johannesburg Stock Exchange, Canal+ CEO Maxime Saada described the deal as a strategic step to grow the company's footprint in Africa, especially in English-speaking markets. Read also NPA backs women in maritime, pushes for gender inclusion in port operations French media giant finalises $3bn acquisition of Multichoice, takes control of DStv and GOtv Lagos unveils ₦500bn fund to link farmers, traders to food market Greenhouse expansion in Ogun-Oshun river basin to boost food supply, support agro-SMEs New green jobs bill to boost SMEs in Nigeria's renewable energy sector Multichoice, which was spun off from Naspers in 2019, operates one of the largest pay-TV platforms in Africa with nearly 50 million subscribers. The company is widely known for its local content and sports programming offerings through DStv and GOtv. To comply with South African broadcasting laws that cap foreign ownership at 20%, Multichoice has established a separate entity, LicenceCo, to hold its domestic broadcasting licence. The South African Competition Commission had previously recommended approval of the deal, with conditions including a commitment to invest in local audiovisual content and to promote South African productions to new markets. Multichoice chairman Elias Masilela said the transaction affirms investor confidence in the company's strategy and the growth potential of the African media market.

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Botswana Moves to Acquire Majority Stake in De Beers I Paratus Zambia Marks 15 Years of Connecting the Nation

Botswana Moves to Acquire Majority Stake in De Beers I Paratus Zambia Marks 15 Years of Connecting the Nation

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Botswana Moves to Acquire Majority Stake in De Beers Amid Slump in The Diamond Market       The Government of Botswana is poised to acquire a controlling stake in De Beers, the world-renowned diamond producer, in a bold move that signals a significant shift in the country's approach to its mineral wealth. Read more

Seasoned explosives leader Van den Berg joins BME Blasting and metallurgy solutions company BME has appointed Meagan van den Berg as its Managing Director for Africa, a role that will support blasting operations across Africa (excluding South Africa) as well as the global metallurgy operations. BME, a member of the Omnia Group, has developed a strong footprint in Africa since its inception in South Africa in 1984 – while also expanding internationally by establishing operations in North America, Indonesia and Australia. Read more

Low maintenance screen mounts for efficiency and safety in mining and industrial equipment OST-Africa's advanced screen mount system offers a maintenance-free alternative to conventional coil spring mechanisms, ensuring improved performance and greater operational safety in mining and industrial equipment. Read more

Komatsu commissions first diesel trolley power agnostic truck Komatsu, in collaboration with Boliden, is proud to announce the commissioning and start of field trials for the first diesel trolley truck in its new Power Agnostic (PA) series. The Komatsu Power Agnostic 930E truck was deployed at Boliden's Aitik mine in Gallivare, Sweden, marking a major step forward in the journey toward decarbonizing surface mining operations. Read more

adumo Payouts to join financial empowerment panel at WiMSA Symposium 2025 As the mining sector continues to evolve, conversations around empowerment are moving beyond the workplace to include financial wellbeing, inclusion, and long-term security. This year's WiMSA Symposium, hosted by Women in Mining South Africa (WiMSA) on 23 and 24 July 2025 at Randpark Golf Club in Johannesburg, will spotlight these important themes under the banner 'Step Up and Stand Out'. Read more

Paratus Zambia Marks 15 Years of Connecting the Nation Paratus Zambia is celebrating fifteen years of connecting people and powering progress, during which time the company has grown from a bold startup into one of the country's most established and trusted digital services providers.  Read more

CURRENT MAGAZINE ISSUE: First Mining DRC-Zambia is a journal that focuses on creating a networking forum for the decision makers in businesses and Governments across Africa's Copper belt region, who are either directly or indirectly involved in mining Developments. We inform ,educate and create business and networking opportunities for all Companies that are interested in expanding their business across DRC, Zambia and beyond. FMDZ is a bi-monthly magazine for the mining industry. Read Digital Magazine

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