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MultiChoice South Africa Holdings Proprietary Limited
/
Integrated annual report 2017
Given this context and our positive 2017
nancial performance, the MultiChoice board
recommends that a dividend of R6,5bn be paid
to its ordinary shareholders. This would amount
to a dividend of R867m for PN and R433m for
PN2 (a total of R1,3bn to PN companies).
Dividend tax of 20% per PN share is
385,19 cents. PN shareholders will therefore
receive a total net dividend of 1 540,74 cents
per share.
All dividends proposed in this report will be paid
from reserves and are subject to the approval of
shareholders at the annual general meetings
(AGMs) on 30 August 2017. If approved, these
dividends will be payable to shareholders
recorded in the share register on 30 August
2017, and paid on or about 6 September 2017.
ENTERPRISE DEVELOPMENT
We remain committed to supporting emerging
entrepreneurs to realise their dreams. We
support a broad range of enterprises and
COMBINED CHAIR AND CHIEF EXECUTIVE’S
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community television stations. Our commitment
to enterprise development facilitates job creation
and economic growth, which ultimately ensures
social upliftment in local communities.
SUSTAINABILITY
Our sustainable development framework links to
our risk management processes, which in turn
integrate nancial and non- nancial risk
identi cation, management and monitoring.
While the board is responsible for the integrity of
integrated reporting, the audit committee has
been tasked to oversee sustainability reporting
to ensure the information is reliable and aligned
with nancial results. This report illustrates our
commitment to sustainability and focuses on
projects that address social and environmental
issues. Some of our more signi cant initiatives
focus on education, skills development,
community outreach and environmental
sustainability. We aim to play a sustainable role
in improving the living conditions of our
employees, their families and the communities
in which we operate, ultimately balancing pro t,
people and our planet.
GOVERNANCE
The board oversees the strategic direction of the
company, with oversight vesting in the audit and
risk committees, and is ultimately responsible
for the group’s performance. The responsibility
for implementing strategy is delegated to
management. Governance and sustainability
are integral to our strategic implementation and
essential to the interests
of our stakeholders.
The group continually
evaluates areas where
governance can be
improved.