Connect with us
Anglostratits

Business

Multichoice Delivers Steady Margins Despite Content Cost Normalisation

Published

on

MultiChoice Group

The group’s linear pay-TV subscriber base (measured on a 90-day active basis) increased by 0.9m to reach 21.8m households

JOHANNESBURG, South Africa, June 9, 2022/APO Group/ — MultiChoice Group (MCG, or the group) (www.MultiChoice.com), Africa’s leading entertainment company, delivered steady margins for the year ended 31 March 2022 (FY22).

Download document (1): https://bit.ly/3Q6YBpP

“Reduced losses in the Rest of Africa (RoA), a rebound in advertising revenues and a continued focus on cost containment enabled us to absorb the R1.1bn impact of a normalisation in content costs as live sport returned and we resumed our local content production post the COVID-19 lockdowns,” says Calvo Mawela, Chief Executive Officer.

“We continued to enhance our video entertainment offering and expanded the variety of services offered to our customers as we grow our entertainment ecosystem,” he added.

The group’s linear pay-TV subscriber base (measured on a 90-day active basis) increased by 0.9m to reach 21.8m households, comprising 9m in South Africa and 12.8m in the RoA. The 5% growth year-on-year (YoY) is subdued due to the tough economic environment and elevated subscriber growth during  COVID-19 related lockdowns in the previous year.

Here are a few highlights:

  • Revenue: ZAR55.1bn up 3% (up 7% organic)
  • Trading profit: stable at R10.3bn (up 1% organic, due to absorbing cost normalisation)
  • Core headline earnings: R3.5bn (up 6% as Forex impact was less negative))
  • Free cash flow: R5.5bn (down 3%, due to one-off prepayments)
  • Dividend: R2.5bn 565 ZARc per share (±4% yield)

MCG continued to pursue its differentiation strategy through local content, stepping up its local content production by 32% YoY to 6 028 hours and bringing its local content library close to 70 000 hours. Local content accounted for 47% of total general entertainment content spend and the group remains on track to achieve a target of 50% by 2024.

Seven major new channels launched, including two Portuguese-focused channels in Angola and Mozambique. In South Africa, the group’s co-productions such as Reyka and Recipes for Love and Murder were broadcast to critical acclaim and international interest.

SuperSport delivered world class productions given a bumper calendar of major sporting events. A record number of viewers tuned into Euro 2020, the British and Irish Lions rugby tour and the Tokyo Olympics. SuperPicks, a free-to-play predictor game and the group’s first product collaboration with KingMakers, was launched in Nigeria in August 2021 and already has 0.5m registered users. SuperSport Schools, now 100% owned by the group, continues to grow rapidly and broadcasted 5 249 live games of schools sport during FY22.

Growth in Connected Video users on the DStv app and Showmax service is outpacing the market. Paying Showmax subscribers were up 68% YoY, whilst overall monthly online users of the group’s connected video services increased 28% YoY. A major driver has been the focus to localise by expanding local payment channels and enabling local billing in various markets. In addition, local content was stronger than ever with titles like DevilsDorp, the Real Housewives franchise and The Wife. Showmax Pro delivered an enhanced customer experience, which included the Tokyo Olympics, Euro 2020 and every English Premier League game.  

We continued to enhance our video entertainment offering and expanded the variety of services offered to our customers as we grow our entertainment ecosystem

On the product side, the announcement of DStv as official launch partner of Disney+ in South Africa is a further extension of the group’s aggregation strategy, which aims to bring customers more content, and convenient access in one central place via DStv’s connected devices.

DStv Internet, which was launched in September 2021, is growing strongly. The DStv Rewards program, which supports customer retention and has been successful in reducing dormancy, continues to gain traction with close to a million customers. Digital adoption continues to track well with around 75% of customer touch-points now being managed through the group’s self-service channels. Due to the ongoing global silicon chip shortage the DStv Streama launch has been delayed and is now expected to launch in the first half of the next financial year.

SEGMENTAL REVIEW

South Africa

The South African business faced an increasingly difficult consumer climate, with FY22 growth rates impacted by rising unemployment levels, intermittent loadshedding and a disruption caused by the July riots in Durban and Johannesburg.

Revenue increased 4% to ZAR35.6bn, supported by the rebound in advertising revenue and a 1% increase in subscription revenues, driven by subscriber growth in the mass market and the uplift from annual price increases. The return of live sport and other value adding initiatives contributed to reducing churn in the Premium base relative to the prior year. Trading profit declined 1% to ZAR11.0bn as the ongoing cost-optimisation programme only partially offset consumer pressure in the middle market and the normalisation of content costs and sales and marketing expenses.

Rest of Africa (RoA)

The Rest of Africa business benefited from the popularity of local content such as Big Brother Naija and live sporting events. Whilst revenue of ZAR17.9bn reflects a strong 14% organic increase, it is only 4% higher than the prior year due to the impact of translating Rest of Africa’s USD revenues at a stronger ZAR for reporting purposes. Trading losses amounted to ZAR1.2bn, which is a 24% improvement YoY on an organic basis. Local currencies held up better against the USD than prior years, resulting in an overall headwind on reported results of only ZAR0.1bn (FY21: ZAR1.2bn). Although liquidity challenges continued in Nigeria, the group successfully repatriated cash throughout the year, albeit at a premium to the official exchange rate.

Technology segment

Irdeto, was impacted by global silicon shortages affecting supply chains, as well as COVID-19 related disruptions in large markets such as India. Revenues of ZAR1.5bn, down 17% YoY (9% organic), were further depressed by the impact of a stronger ZAR upon translation from USD. The segment contributed ZAR0.5bn to group trading profit with margins strong at 33%. Irdeto gained additional market share in its core media security business by winning four new Tier-1 customer. It also grew its device security business, expanded its deployment of connected vehicles with Hyundai, and started new projects like providing security software to large logistics companies. 

KingMakers

On 29 October 2021, the group increased its shareholding in KingMakers from 20% to 49.23%. KingMakers delivered USD136m (ZAR2.0bn) in revenues, representing robust growth of 74% YoY. It recorded a loss after tax amounting to USD19m (ZAR0.3bn) as increased revenues were offset by investment in people, product and technology to further scale the business. Although revenues are still primarily generated in Nigeria, the group is now also active in Kenya, Ghana and Ethiopia.

Future Prospects

In the year ahead, the group will continue to drive penetration of its video entertainment services across the African continent by offering customers an array of unique and rich media content delivered in a convenient and cost effective way. Local content and select sporting events such as the English Premier league, UEFA Champions League and the 2022 FIFA World Cup will contribute to the growth in linear and streaming services.

Returning the Rest of Africa business to profitability in FY23, maintaining strong cash flows to support a healthy balance sheet and pursuing innovative products and services remain key pillars for long term value creation.

“As a platform of choice, our group will look to further expand our entertainment ecosystem by identifying growth opportunities that leverage our scale and local capabilities,” says Mawela. “We will continue to strive to be a trusted partner for our customers’ ever-evolving needs, enriching their lives by delivering entertainment and relevant consumer services underpinned by technology.” 

Distributed by APO Group on behalf of MultiChoice Group.

Events

Huawei Unveils the Industry’s First NPO Optical Engine with Built-in Light Source, Hi-ONE, Leading the Way in High-Speed Optical Interconnect Technology Innovation

Published

on

Huawei

Summary:

  • At HUAWEI CONNECT 2026, Huawei unveiled the industry’s first NPO optical engine with Built-in Light Source, Hi-ONE, offering a total capacity of 7.2 TB/s and enabling Huawei to be the first to mass produce such an optical engine.
  • Hi-ONE has been applied to the Ascend 960 SuperPoD, built on the “UnifiedBus plus Hi-ONE” architecture. This has reduced the number of 800G optical modules within the SuperPoD by 48,000, significantly lowered system power consumption, and enhanced reliability.
  • In May 2026, the standard proposal for “12.8 TB/s NPO Module”, jointly submitted by the China Academy of Information and Communications Technology (CAICT), Huawei, and other companies, was officially initiated by the OIF, receiving support from more than 40 global industry chain vendors.

SHANGHAI, CHINA – Media OutReach Newswire – 17 September 2026 – At HUAWEI CONNECT 2026, Huawei unveiled the industry’s first NPO optical engine with Built-in Light Source, Hi-ONE, offering a total capacity of 7.2 TB/s and enabling Huawei to be the first to mass produce such an optical engine. The Ascend 960 SuperPoD, built on the “UnifiedBus plus Hi-ONE” architecture, has already adopted the Hi-ONE optical engine powered by NPO. Hi-ONE is the industry’s first-ever optical engine to adopt a built-in light source architecture, achieving high-density, high-speed optical interconnect while significantly reducing power consumption and latency for signal transmission. The launch of Hi-ONE marks the beginning of NPO technology’s transition from industry consensus to large-scale commercial use, injecting new momentum into the AI computing industry.

 




  

NPO technology path: Balancing innovation and ecosystem continuity

NPO technology realizes close interaction between optical and electrical signals but maintains the independence of the optical engine, thus maximizing the continuity of customer usage habits and industry ecosystems. By following this technology path, Huawei has developed the innovative Hi-ONE optical engine, which currently stands as the NPO product with the highest transmission capacity in the industry and the first NPO product to adopt a built-in light source architecture. Rooted in self-developed technologies, Huawei has achieved breakthroughs in key areas such as bandwidth, reliability, power consumption, and latency.

High bandwidth and high reliability: Hi-ONE is the first optical engine to integrate 36 channels of optical transceivers, significantly reducing the number of discrete components and lowering failure rates at the very source. Hi-ONE integrates key technologies, including compound optical chips, silicon photonic chips, and optoelectronic RF chips. Through a balanced design of optical, mechanical, electrical, magnetic, and thermal elements, Hi-ONE supports a transmission capacity of 7.2 TB/s on a single optical engine, and makes built-in light sources a reality in the NPO engine. As a result, overall reliability is improved by 10 times, ensuring the stable operation of long-duration training tasks.

Low power consumption and low latency: With the adoption of a linear direct-drive architecture, Hi-ONE eliminates the need for high-power oDSP chips, cutting power consumption by approximately 66% and latency by about 90%. This both lowers energy costs and boosts communications efficiency.

Standards and ecosystems drive industry consensus

Alongside product innovation, Huawei has also made progress in NPO standards and industry ecosystem development. In May 2026, the standard proposal for “12.8 TB/s NPO Module”, jointly submitted by the China Academy of Information and Communications Technology (CAICT), Huawei, and other companies, was officially initiated by the OIF, with support from more than 40 industry chain vendors worldwide.

From technological breakthroughs to product application, and from international standards to industry ecosystem development, Huawei is driving NPO from industry consensus to large-scale commercial use. It is achieving this through a combination of strong technological innovation and open collaboration with global industry partners, with the ultimate goal of shaping a new AI computing industry landscape.

FAQs:

Q1: What is NPO?

A: NPO, short for Near-Packaged Optics, is an optical interconnect technology that keeps optical engines close to switching chips, shortening the transmission distance between optical and electrical signals while maintaining the independence of optical engines.

Q2: What is the OIF?

A: The OIF, or Optical Internetworking Forum, plays a key role as a core standards developer and interoperability promoter in the optical communications industry. It has huge influence, particularly in the fields of high-speed optical modules and data center interconnect.
The issuer is solely responsible for the content of this announcement.
 




 

Continue Reading

Events

Chaoyang International Light Festival’s Consumption Season Lights Up Again: Over 100 Cultural and Tourism Events Ignite Beijing

Published

on

International Light Festival

BEIJING, CHINA – Media OutReach Newswire – 17 September 2026 – The 2026 Beijing Chaoyang International Light Festival’s Consumption Season will run from September 11 to October 11, with a limited-edition light-and-shadow installation officially unveiled on September 24. Under the permanent theme “Amazing Chaoyang” and the annual theme “Amazing You” this year’s event builds on three consecutive successful editions with further upgrades.

With the Liangma River Cultural and Economic Belt and the Olympic Central Area as its “two core areas,” the Consumption Season of this year’s Light Festival links the Dawangjing Business District, Chaowai UIC Block, Sanlitun Commercial Area, CBD Business District, and Gaobeidian, among other areas, showcasing Chaoyang District’s new landscape of nighttime consumption.

 




 
 

The Liangma River Cultural and Economic Belt will create its first “processional” night-tour experience, while Chaoyang Park will be transformed into an immersive theatre, allowing residents and visitors to enjoy a new scene at every step and experience drama around every corner. Chinese and international artists will gather once again, classic installations will be renewed and upgraded, and brand-new light-and-shadow works and multiple outdoor premieres will be unveiled, injecting a constant stream of artistic vitality and boundless anticipation into the city’s nightscape.

Alongside the exciting launch of the Light Consumption Season, Chaoyang District will present over 100 cultural, commercial, tourism, sports, and exhibition experiences in quick succession: The 2026 China Open will kick off with passion; the Liangma River International Arts Festival will bloom with aesthetic vitality along the riverbanks; the Olympic Park International Carbohydrate Festival and the Beihu Light and Shadow Life Festival will light up the city’s nighttime economy; the Juicy Taco Fest and the Weibo IN Cross-Dimensional Gravity Field anniversary series will create a distinctive trendy play experience; pop-up events featuring Mao Buyi and Zhou Shen will ignite excitement; the Liangma River will host the “Chi Forest: Your Perfect Drink-Mixing Partner” parade; and the south gate of Chaoyang Park will feature exhibitions of Tesla Cybertruck and other vehicle models, as well as the Optimus robot.

During the Light Consumption Season, commercial districts and over 10,000 brand merchants across Chaoyang District will join forces, integrating Golden Week traffic, top-tier event IPs, and trendy consumption scenarios to create a citywide consumption wave and continuously support Beijing’s development as an international consumption centre.

This autumn, do not miss Chaoyang’s nightscape. As the lights come on, the riverbanks surge with life, and the neighbourhoods come alive together, a more open, more international, more vibrant nightlife awaits you.

  




 

Continue Reading

Business

Hong Kong sets out strategic vision for developing the Northern Metropolis and creating a global talent hub

Published

on

John Lee

HONG KONG SAR – Media OutReach Newswire – 17 September 2026 – Hong Kong’s Chief Executive, John Lee, yesterday (September 16) announced the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (HKSAR) (2026-2030) and his fifth Policy Address. Priority areas include accelerating development of the Northern Metropolis (NM) while also establishing an international hub for high-calibre talent.

“The NM will rise as an important strategic vehicle for advancing high‑quality post‑secondary education, integrating I&T (innovation and technology) and industry, and pooling international high‑calibre talent,” Mr Lee said. “It will become a major platform for Hong Kong’s deepening engagement with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and integration into and serving the overall national development.”

 




  

To foster the synergistic development of education, technology and talent, the HKSAR Government will take forward the establishment of the Northern Metropolis University Town (NMUT), integrating the five elements of education, technology, industry, talent and quality living environment.

Hong Kong’s Chief Secretary for Administration, Chan Kwok-ki said the NMUT will comprise three university towns (San Tin, Hung Shui Kiu and Ta Kwu Ling) with their combined campus areas covering about 300 hectares.

“Together with the surrounding technology areas, industry areas and living community areas, the overall planned areas of the three university towns will exceed 1,000 hectares,” Mr Chan said. “While each of the three university towns has its own strategic focus, their shared goal is to expand and strengthen Hong Kong’s education and research capabilities, connecting them with industry chains, supply networks, and markets locally and across the GBA to inject strong impetus into the city’s growth.”

The first building (Building 1 of the Loop Hong Kong Park) is scheduled for completion by the end of this year, and will be positioned as the flagship project for launching of the NMUT.

To dovetail with the development of the NMUT, and raise Hong Kong’s scientific research capabilities, the HKSAR Government will support the capacity expansion and enhancement of post‑secondary education. For instance, starting from the 2027/28 academic year, the Government will gradually increase the annual quota of the Hong Kong PhD Fellowship Scheme from 400 to 550 places by the 2029/30 academic year. Also, additional funding of $20 million will be provided each academic year to support knowledge transfer, thereby accelerating the transformation of innovative outcomes.

“The Northern Metropolis University Town not only supports the expansion and enhancement of Hong Kong’s post-secondary education, consolidating the city’s status as an international hub for post-secondary education, but also serves as a primary platform for Hong Kong to engage deeply in the Greater Bay Area, and integrate into and serve the overall national development,” Mr Chan said. “It also acts as a new engine to elevate Hong Kong’s international connectivity and reinforce its global competitive advantages.”

The NM accounts for about one third of Hong Kong’s total landmass and is projected to house about one third of the city’s population.

Hong Kong’s First Five-Year Plan sets a target of making available about 900 hectares of “spade-ready sites” from 2026-27 to 2030-2031. This would enable the provision of over 70,000 housing units and one million square metres of economic floor space.

Among the nine New Development Areas in the NM, construction works have begun at four of them (Kwu Tung North/Fanling North, Hung Shui Kiu/Ha Tsuen, Yuen Long South and San Tin Technopole and the Loop). A cumulative total of about 120 hectares of “spade‑ready sites” have been produced up to 2025‑26, while no less than 200 hectares of “spade‑ready sites” will be produced in 2026‑27 and 2027‑28.

Under the integrated strategy of urban-rural development, the NM will become an ideal place to live, work and travel. This, in turn, will help to attract talents and professionals to the area.

“Talent is the most valuable asset of any economy,” said Paul Chan, Hong Kong’s Financial Secretary. “Indeed, competition among different economies is determined by the quality of the talent they have. It is critical that we have people with the qualifications, experience and expertise required to support our economic development.”

The 2026 Policy Address announced several initiatives to attract the necessary talent for Hong Kong’s development, and to promote talent exchange and training.

These include relaxing the requirements on extension of stay under the Top Talent Pass Scheme (TTPS) for technology start‑up talent, and expanding the Immigration Facilitation Scheme for Invited Persons by extending its coverage from the current ASEAN Member States to also include countries and regions in Central Asia and the Middle East.

The HKSAR Government will also introduce a new visa category to allow non‑locals to participate in short‑term training programmes in Hong Kong, as recognised by bureaux and departments, advancing Hong Kong’s development into a regional training hub.

For the full document of Hong Kong’s First Five-Year Plan and related information, please visit the dedicated website (www.hk5yplan.gov.hk).
 




 

Continue Reading

Trending