Our business overview
Enriching lives by creating
'a world of more'
Our platform business
|(1)||90-day active subscribers.|
|(2)||Relates to all languages broadcast on our platforms, including international and free-to-air (FTA) channels.|
Our vision, purpose and the values we stand for
To be the platform of choice for African households, by delivering entertainment and relevant consumer services through technology.
to do what is best for everyone – ourselves, our colleagues and most importantly, our customers
with others to build lasting relationships through collaboration, communication and clarity
stories, experiences and a brighter future through curiosity, courage and commitment
Our purpose is to enrich lives
Our investment case
a proud history and
on our core entertainment businesses
exciting roadmap and
requires conviction and belief in a
long-term outcome, balancing this against
short-term gains is a very difficult task.
We believe strongly in Africa, one of the largest remaining growth regions globally and a market that is rapidly ‘connecting’ in terms of mobile telephony, broadband, infrastructure and logistics. Africa is our home turf, we know how it works and what it takes to succeed...
Imtiaz Patel Chair of the board
From the desk of our CEO
We will continue to innovate but will also make targeted investments and partner with best-in-class third parties when appropriate.
With three substantial new product launches planned for FY24, any one of which would be significant in their own right, and hundreds of smaller initiatives to enhance our organisation and add value to our customers’ lives, we will continue to expand our World of More.
Calvo Mawela Chief executive officer
CFO’s performance review
Restoring the Rest of Africa business to profitability and a continued expansion of the group’s platform strategy were highlights for the current financial year.
However, the South African consumer environment weakened significantly in the second half due to permanent high stages of loadshedding and a decrease in consumer affordability stemming from interest rate hikes and elevated inflation levels. This has a significant impact on group margins and cash flows.
Tim Jacobs Chief financial officer