DSTV owners facing severe financial hardship.

MultiChoice, the owner of DStv, is facing severe financial difficulties. The company has reported a substantial loss of R4.1 billion for the year ending March 2024 and is now technically insolvent, with liabilities exceeding its assets. This situation has been exacerbated by a 9% decline in active subscribers and unfavorable foreign exchange rates, leading to a 5% drop in group revenue. Despite these challenges, MultiChoice is focusing on cost reduction and new revenue streams to stabilize its financial situation.

  • Waren.com

    Africa Gossip Brings You Information Across The Globe.

    Related Posts

    Over 700,000 Abortions Recorded in Kenya in One Year — Majority Among Married Women.

    A staggering 792,694 abortions were recorded in Kenya in 2023, with an overwhelming 78.6% involving married women, according to a new report by the African Population and Health Research Center…

    Ugandan Army Chief Claims Missing Opposition Aide Is in His Basement.

    Uganda’s military chief, Gen. Muhoozi Kainerugaba, has sparked outrage after claiming he’s detaining Eddie Mutwe, opposition leader Bobi Wine’s bodyguard, in his basement. Mutwe went missing on April 27, with…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Over 700,000 Abortions Recorded in Kenya in One Year — Majority Among Married Women.

    Ugandan Army Chief Claims Missing Opposition Aide Is in His Basement.

    France Outpaces Entire African Continent in GDP as Africa’s Top Economies Show Mixed Growth.

    Kenyans Celebrate as Politicians Face Tragedy: A Reflection of Betrayal, Not Hatred.

    Kenyans Celebrate as Politicians Face Tragedy: A Reflection of Betrayal, Not Hatred.

    Court Sentences Osinachi’s Husband to Death by Hanging for Her Murder.

    BCLB Enforces Total Ban on Gambling Advertisements in Kenya.