INTEGRATED ANNUAL REPORT FOR MULTICHOICE SOUTH AFRICA HOLDINGS (PTY) LTD AND PHUTHUMA NATHI INVESTMENTS 2 (RF) LTD

LEADERSHIP AND STRATEGY REVIEW BY THE EXECUTIVE CHAIR continued Regulatory Our industry is highly regulated. Recent years saw several policy reviews, sector inquiries and investigations resulting in increased complexity in our operating environment. These include a review of the broadcast sector and a review of the sport regulations. Our approach to regulatory reviews involves proactive and positive engagement and providing input into relevant industry discussions and participation in engagements with regulators and government. Sustainability MultiChoice South Africa seeks to play a meaningful role in the development of our society. Our contributions continued to advance issues of education, skills development, community outreach and environmental sustainability. We aim to enhance the lives of our employees by contributing to their health and wellbeing. Our sustainable development framework links to our risk management processes, which take an integrated approach to financial and non-financial risk identification, management and monitoring. Our integrated report demonstrates our commitment to sustainability by unpacking the social and environmental initiatives we embark on, and the impact that they make. As a proud contributor to the socio-economic development of South Africa, we recognise the value we can create for shareholders, employees and communities while being mindful of the sustainability of our planet. During FY2019 we continued to focus our social investments on developing the youth and put measures in place to minimise our impact on the environment. Corporate social responsibility MultiChoice South Africa makes a significant contribution through our Phuthuma Nathi share schemes. Phuthuma Nathi companies have received R10.4bn in dividends since inception, ultimately empowering and enriching the lives of approximately 90 000 previously disadvantaged South Africans. We continue to contribute meaningfully towards corporate social responsibility programmes such as the MultiChoice Diski Challenge, Magic in Motion Academy and SuperSport’s Let’s Play initiatives. We spent R90m on significant corporate social initiatives during FY2019, and we retained our level 1 BBBEE status. The MultiChoice Enterprise Development Trust is a vehicle for our investment into local industries. We invested R188m in loans, grants and business development expenses to assist 24 businesses. We established the MultiChoice Sport and Development Trust, aimed at supporting sport development in previously disadvantaged communities. Transformation We are committed to contributing to the transformation of South Africa. This can be achieved by embracing diversity and ensuring employment equity through robust diversity management practices. We believe diversity gives us a competitive advantage and aids in decision-making and problem-solving to provide the best solutions for our customers. We are committed to inclusive growth and development and create opportunities that support the continued transformation of our organisation. Our employee profile comprises 43% (FY2018: 43%) men and 57% (FY2018: 57%) women in the group report. Our leadership teams are diverse and proudly representative with 51% (FY2018: 44%) of top management being black and 40% being women. 20  MultiChoice South Africa Holdings Proprietary Limited integrated annual report 2019