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Broad-based black economic empowerment (BBBEE) is a South African government policy designed to advance economic transformation and enhance the economic participation of black people (i.e. African, coloured and Indian people who are South African citizens) in the South African economy.

The MultiChoice Group and MultiChoice South Africa have both achieved level 1 BBBEE status. We are committed to transforming our broader industry and contribute to an inclusive society. We believe that transformation is a business imperative and a catalyst for economic independence. Our social and ethics committee is responsible for monitoring and ensuring compliance with the relevant codes and standards relating to BBBEE, ensuring that the matter is a point of focus at a board level.

Broad-based black economic empowerment (BBBEE)

We recognise that owning economic assets plays a critical role in reducing inequality. That is why we are very proud of Phuthuma Nathi, our BBBEE share scheme. It boasts more than 80 000 black shareholders from all walks of life, from individuals to collectives and black-owned companies. Phuthuma Nathi owns 25% of MultiChoice South Africa and through this scheme, we share the success of our business with thousands of South Africans. To date, Phuthuma Nathi shareholders have been paid ZAR13.4bn in dividends.

BBBEE and employment equity is an important focus for our South African businesses, and the majority of our MultiChoice Group and MultiChoice South Africa boards are black South Africans. Our preferential procurement programme in South Africa supports the development of small, medium and micro-enterprises (SMMEs). The majority of our preferential procurement spend is with BBBEE compliant suppliers, and the majority of our spend directed at SMMEs goes to suppliers where black women represent at least 30% ownership.

MultiChoice South Africa also established the MultiChoice Enterprise Development Trust in 2012 to support and grow start-ups and small enterprises. The trust subsequently relaunched its fund as the MultiChoice Innovation Fund. The fund’s aim is to fast track entrepreneurs to industry leadership in the technology, e-commerce, digital content, film and production industries. It provides black majority-owned start-up entrepreneurs and established SMMEs with the necessary tools, skills and financial support to enable them to bring their business ideas to life. The fund has a strong focus on small, medium and micro-sized enterprises (SMMEs) owned by young and female entrepreneurs.

Additional information on our BBBEE initiatives can be found under the social investment section of the website, in our MultiChoice Group integrated annual report, our Phuthuma Nathi integrated annual report and our social report.

Our current BBBEE compliance report and certificates are included below:

BBBEE compliance