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MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018
Corporate governance review
(continued)
(BCCSA). These relate to failure by channels
to provide correct classification information,
resulting in MultiChoice and M-Net
contravening the BCCSA Code.
Fines paid to the BCCSA:
h
2016 financial year: R10 000
h
2017 financial year: R90 000
h
2018 financial year: R0
In the past year there were no environmental
accidents, nor were any environment-related
fines imposed by any government.
DStv Media Sales Proprietary Limited (DMS),
a subsidiary of MultiChoice South Africa
Proprietary Limited, entered into a consent
agreement with the Competition Commission.
The agreement was approved by the
Competition Tribunal. It was agreed that an
administrative penalty of R22m be paid
(provided for in the prior financial year), a
contribution of R8m, payable over three years
to a fund to be administered through an
industry trust to assist small black-owned
media agencies.
enable effective management, monitoring of
and reporting on legal compliance. The board
has delegated the responsibility of oversight
of legal compliance to the risk committee. The
compliance programme is controlled by our
head of legal and compliance, Brandon Foot,
who reports on these activities to the Naspers
global legal compliance lead and to our risk
committee.
A key focus area in the 2018 financial year
was to align policies and implement
processes to King IV
TM
and to enhance
reporting to the risk committee.
Penalties
Because MultiChoice operates in a highly
regulated environment in South Africa,
compliance is important. The company
participates in the regulatory process affecting
its industry through various public forums and
debates, providing inputs on formulating
standards and strategies for this industry.
MultiChoice and M-Net received fines from
the self-regulatory body, the Broadcasting
Complaints Commission of South Africa
Our approach to governance
(continued)