INTEGRATED ANNUAL REPORT FOR PHUTHUMA NATHI INVESTMENTS (RF) LIMITED

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4 MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018
Overview
About this report
Reporting boundary
MultiChoice South Africa Holdings Proprietary
Limited (MultiChoice) was incorporated in
May 2006. The scope of this report includes
MultiChoice and its subsidiaries (the group).
In addition to financial results, we include
corporate information on the two MultiChoice
broad-based black economic empowerment
(BBBEE) shareholding schemes – Phuthuma
Nathi (PN) and Phuthuma Nathi 2 (PN2)
(together Phuthuma Nathi). The sole
investments of these schemes are the
shares held in MultiChoice.
We present our integrated report for the
financial year from 1 April 2017 to
31 March 2018 (referred to as 2018) to
illustrate how we create value for our
stakeholders.
The content of this report focuses on key
developments and material issues in our
business environment. We believe integrated
and balanced reporting on our strategic
objectives, material issues and how we are
governed, provides a comprehensive view of
our financial and non-financial performance
and the sustainability of our business.
Determining materiality
In determining content to report, we focused
on issues that drive the executive agenda and
are material to our stakeholders. These issues
are discussed by the board and continually
addressed.
Our material matters
We determine our material issues by
considering the business’s strategies,
risks, operations (executive agenda) and
stakeholder concerns. We assess the impact
these have on the business and our ability to
create shareholder value. In doing so, we
identified the following themes that capture
our material issues:
h Our operations
h Our people
h Our customers
h Our regulatory environment
h Our corporate social responsibility
Basis of preparation
The structure of this report has been
developed against the framework of the
International Integrated Reporting Council
(IIRC) and due consideration has been given
to the recommendations of the King IVTM
Report on Corporate Governance in South
Africa 2016 (King IVTM).
Our aim is to constantly enhance our
reporting and disclosure to improve our
stakeholders’ understanding of the group.
Feedback on the report is welcomed and can
be communicated to
Assurance providers
Independent assurance has been provided
on certain material information presented in
this report.