The French group reports a 40% revenue increase to R81.8 billion, driven by the consolidation of MultiChoice’s financial results.
Rising Data Centre Costs, Global Conflicts Disrupt IT Spending as SA Banks Accelerate Digital Growth
In this week's tech news roundup, South African data centre providers warn that cloud computing and web hosting costs will rise in 2026 due to surging infrastructure and energy expenses. However, geopolitical conflicts—like those involving Israel, the US, and Iran—are disrupting IT spending patterns in unprecedented ways, as Phillip de Wet notes.
Canal+ reports its first financial results since acquiring MultiChoice, with the South African pay-TV operator boosting group revenue by R13 billion.
ITWeb Turns 30 as MultiChoice Axes Showmax, Nedbank Boosts Tech Spend and Spinnaker Enters SA Market
In this week's tech news roundup, This year marks our 30th anniversary at ITWeb – the company that pioneered technology media reporting in South Africa back in 1996. We now have a live feed that chronicles our journey from where we started to where we are today. Other than that, MultiChoice, which was recently acquired by French-based media giant Canal+, this week announced the forthcoming discontinuation of its Showmax streaming platform.
The substantial annual losses experienced by the Showmax business have proved unsustainable, says the video entertainment firm.
The South African Broadcasting Corporation sets its sights on R200 million per annum commercial success for its video streaming platform SABC+, reveals COO Lungile Binza.
The local streaming platform has reported a 70% year-on-year growth in registered users, says brand manager, Thapelo Ramatsui.
Amid declining revenues and subscribers, the deal brings scale, tech synergies and long-term sustainability, says CFO Tim Jacobs.
For the year ended 31 March, the DStv parent company’s linear subscribers were down 1.2 million, or 8% year-on-year, to 14.5 million active subscribers.
The video entertainment company announces its annual price and product adjustments for DStv and Showmax.
From today, all DStv Premium, Compact Plus and Compact customers will have access to two concurrent streams as part of their subscription.
The video streaming platform is breaking new ground as Africa’s first streaming service to live-stream a homegrown concert.
Group CEO Calvo Mawelo tells staff that Marc Jury will leave the group on 31 March 2025, to pursue opportunities in the sport business.
The company believes the deal to sell 60% of its insurance business to Sanlam will see it emerge from technical insolvency.
Please Call Me inventor speaks out: ‘I’ve made huge sacrifices’
In this week's tech news roundup, While he has made a lot of sacrifices during his protracted legal battle against Vodacom, ‘Please Call Me’ creator Nkosana Makate says he is “thrilled” with the latest court judgement. This, after Vodacom suffered another loss in the legal battle, when the Supreme Court of Appeal this week ordered the operator to determine a new compensation for the 'Please Call Me' inventor– within 30 days of the order. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #google #fnbnews News Links: https://www.itweb.co.za/article/multichoice-turns-down-r105-per-share-offer-from-canal/mYZRX79gA8aqOgA8 https://www.itweb.co.za/article/sa-cios-fear-support-pricing-changes-after-vmware-takeover/nWJadMbNonPMbjO1 https://www.itweb.co.za/article/please-call-me-inventor-speaks-out-ive-made-huge-sacrifices/GxwQD71Deox