French media giant Canal+ has confirmed it will list on the Johannesburg Stock Exchange (JSE) in June. The move follows the conglomerate’s $1.9 billion acquisition of MultiChoice, the continent’s largest cable television company, last year. The JSE listing—Canal+’s second after London—is intended to enhance long-term liquidity for the company as it navigates significant headwinds: MultiChoice’s revenue dropped 9% in the year ending March 2025, and the group shed nearly 3 million subscribers over its last two financial years. Canal+ also recently announced plans to shut down the Showmax streaming app to streamline operations across the more than 30 sub-Saharan African markets where MultiChoice operates.
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