CANAL+ has become the first French company to list on the Johannesburg Stock Exchange, marking a significant step in its African expansion strategy. The company acquired struggling South African broadcaster MultiChoice in 2025. Its shares traded close to their debut price of $3.59 as executives expressed confidence in reversing MultiChoice’s subscriber losses through a $116 million turnaround plan. CANAL+ aims to strengthen its position across Africa by expanding partnerships with global streaming platforms, such as Netflix, and by developing a “super app” that will integrate services like DStv and other streaming offerings. The group also announced new premium football and rugby broadcasting rights to attract higher-value customers. Executives said the Johannesburg listing will help deepen ties with African investors and support future growth, while boosting the profile of South Africa’s stock exchange.
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