The MultiChoice Group, Africa’s largest pay-TV operator, is set to delist from the Johannesburg Stock Exchange (JSE) on December 10, 2025, following Canal+’s successful acquisition of more than 90% of the company’s shares — a move that effectively completes the French media giant’s takeover.
In a notice to shareholders issued on Friday, MultiChoice confirmed that the trading of its shares on both the JSE and A2X will be suspended from Monday, October 27, 2025, ahead of the formal delisting.
The group explained that the final delisting date remains subject to regulatory approvals from the JSE, A2X, and the Financial Surveillance Department of the South African Reserve Bank. Once completed, MultiChoice will officially transition into a privately held subsidiary of Canal+, which is owned by France’s Vivendi Group.
The development marks a significant turning point for Africa’s media landscape, ending MultiChoice’s three-decade presence on the JSE since its listing in 2019. The acquisition gives Canal+ full control of a vast network of television operations across Nigeria, South Africa, Kenya, Ghana, and 40 other African markets, consolidating its dominance in the continent’s pay-TV sector.
Industry analysts say the delisting underscores a growing trend of global media consolidation, as international firms seek to tap into Africa’s expanding digital and entertainment markets.
Canal+ has pledged to maintain MultiChoice’s African operations, invest in local content production, and accelerate the rollout of its streaming and on-demand services across the continent.
With the merger now nearing completion, MultiChoice’s transformation from a publicly traded African giant to a key player in a global media powerhouse is set to redefine the continent’s broadcasting future.
