We are Africa’s leading video entertainment platform and one of the top 10 pay-TV companies globally, outside of China.

With a 37-year track record, we entertain nearly 22 million households of varying income levels across the African content. We create our own local content and secure rights to quality content from around the world, which we deliver anywhere, any time and on any device through our satellite broadcast (DStv), digital terrestrial broadcast (GOtv) and OTT streaming (Showmax, DStv via Streaming) platforms. We are focused on expanding our ecosystem by selectively investing in new growth opportunities, including our 49% investment in sports-betting and digital entertainment company KingMakers. Our technology company, Irdeto, protects platforms and applications for video entertainment, gaming, connected transport and other connected industries.

Key facts and figures

African map of MCG subscribers
37 years of historyone of the first pay-TV services to launch outside the USA
50 marketscomprising 1.1bn people
21.8m subscribersan addressable market of 51m households 

3 operating segments

Revenue contribution by operating segment: FY22

Revenue contribution by segment: FY22

Healthy financials and strong balance sheet (FY22)

  • R55.1bnRevenue 3%
  • R10.3bnTrading profit 1% Organic growth
  • R5.5bnFree cash
  • R3.5bnCore headline earnings 6%
  • R6.2bnCash on handPlus R5bn in undrawn facilities 
  • R2.5bnDividendZA565c per share
    ~4% Yield

Solid growth

Subscriber base (90-day active, millions)

Subscriber base (90-day active, millions)

Investment case

  • We know our subscribers and their video entertainment needs

    We know our subscribers and their video entertainment needs

    We know how to create and deliver the best local and international general entertainment content and sport content to our 21.1m subscribers in 50 countries across sub-Saharan Africa.

    We create, acquire, license and package an exciting and unique mix of programming. We provide video entertainment ‘anywhere, anytime’ by beaming a signal and/or streaming content to customers on their preferred devices 24/7.

    Our unique insights allow us to create comprehensive and compelling video entertainment services that resonate with our subscribers and cater for their evolving video entertainment needs.

    Leveraging our scale and reach, we are also broadening our value proposition and entertainment ecosystem through organic initiatives, strategic partnerships and select investment opportunities. Our new product launches, third-party OTT distribution agreements and investment in BetKing in FY21 demonstrate our evolving strategic intent.

  • We have a solid foundation to support shareholder returns

    We have a solid foundation to support shareholder returns

    We have an experienced management team with deep operational expertise, established brands, a scaled subscriber base and infrastructure that is largely invested or leased.

    We have also ensured that we sustain a sound balance sheet, deliver excellence in execution, maintain cost discipline, and generate robust cash flows to support our capital allocation process and ultimately shareholder returns.

  • We have a dynamic approach to growth

    We have a dynamic approach
    to growth

    We understand the need to drive scale and growth in a flexible and responsive way.

    We achieve this through investment in areas like content and production processes, set-top box subsidies and capex to support organic growth, or through targeted and value-accretive investments or through mutually beneficial commercial partnerships with best-in-class operators.

  • We are drawing on global perspectives to drive local excellence

    We are drawing on global perspectives to drive local excellence

    Our long-standing connections to worldwide video entertainment industry participants, content suppliers and satellite providers allow us to implement best practices for content and technology.

    Our deep local knowledge allows us to operate in diverse markets, across vast urban and rural territories, and varied demographics, while managing complex regulatory environments and solving unique local challenges e.g. sales, distribution and payments.

  • We have a proud legacy and an even more exciting future

    We have a proud legacy and an even more
    exciting future

    The African continent, with its 1.3bn people, is our home. Since launching our first service in 1985, we have provided a window into the world for our viewers and created, developed and shared their stories.

    A growing, increasingly urban middle-class with rising discretionary spend represents an addressable market of 56m paying video entertainment subscribers by 2025 and an attractive long-term opportunity for us.

    Irdeto has a 51-year history of solving digital security problems. Its expertise in software security means Irdeto is uniquely positioned to help the world’s best video entertainment and connected industry service providers navigate their digital platform security challenges in an increasingly connected world.