Celebrating 4 Years of B-BBEE Level 1 at MultiChoice

MultiChoice has reached a B-BBEE Level 1 status for four years in a row, investing over R4 billion in small, medium and micro-enterprises and black women-owned enterprises in 2024.

The MultiChoice B-BBEE Level 1 achievement 2024 for the fourth consecutive year, both for the MultiChoice Group and MultiChoice South Africa, underscores the company's commitment to transformation. This accomplishment reflects the dedication and collaboration among the company's transformation workstreams – Human Resources, Learning and Development, and Procurement – whose combined efforts are driving impactful results.

Our core business focuses on aggregating and delivering exceptional content and valuable services to our customers. This success depends on both our execution and the vital support of our many suppliers and partners. We bring value to these partners through the fees we pay and the scale we offer, while also fostering long-term, collaborative relationships to drive sustainable growth in the industries and value chains we operate in.

Small and medium-sized enterprises (SMEs) make up over 90% of all businesses, provide more than two-thirds of jobs globally, and contribute 55% of GDP in developing economies. They are also key drivers of new job creation. Supporting a small business means supporting the local community, as these businesses not only generate local employment but also tend to rely on other nearby businesses, helping to keep more money circulating within the community.

Many small businesses are addressing Africa's challenges with innovative solutions, actively contributing to the continent's growth. MultiChoice's investment in black-owned businesses and women empowerment initiatives, MultiChoice is supporting dedicated individuals who invest their own resources - putting in hard work, commitment, and personal risk - to turn their dreams into reality.

Within MultiChoice's overall procurement spend, the company supports local, upcoming and previously disadvantaged operators in the film, TV, media, and information and communication technology industries. In South Africa, MultiChoice's preferential procurement spend amounted to R13.8 billion in FY24, R11.5 billion of which was allocated to B-BBEE-compliant suppliers, while R4.5 billion was directed to small, medium and micro-enterprises, of which R3.1 billion went to suppliers with at least 30% black women ownership.

MultiChoice South Africa, a level 1 BBBEE company, is the largest investor in the South African broadcast industry. This includes significant investments in local sport and general entertainment content, enterprise development, employees and downstream value chains such as our distribution and installation footprint. The business is also proud of its immensely successful Phuthuma Nathi empowerment scheme, which supports the financial needs of over 75 000 South Africans.

Learn more about how MultiChoice is empowering communities and driving transformation by visiting MultiChoice.com.