Our executive team has continued to deliver in a tough operating environment. Even before the outbreak of COVID-19 and the concomitant oil price weakness, many of our markets were suffering from macroeconomic pressures or specific headwinds such as severe drought. We discuss these matters in detail later in our integrated report, but suffice to say that our teams have executed exceptionally well in delivering the solid operating and financial results that we have presented for FY20.
A pioneering spirit
has always been a part
of our DNA
As Africa’s leading video entertainment company, we create and secure the rights to exceptional content from across the world. Each story we tell is carefully curated to delight and entertain our audiences. Our heart and soul are invested in the continent, and we consistently strive to entertain, inform and empower African communities.
We cater for the evolving needs of our customers and are successfully adapting to a global move towards OTT services
Despite global and country-specific macroeconomic challenges, the group delivered pleasing operational and financial results with subscriber growth of 0.9m, an increase in core headline earnings per share of 39% and free cash flow growth of 59%. We, however, remain cautious on our outlook given the uncertain economic landscape that lies ahead.
Declared maiden dividend
of ZAR2.5bn
Strong business continuity around COVID-19
