South African Competition Tribunal approves Canal+ takeover of Multichoice
July 23, 2025 12.43 Europe/London By Julian Clover


The South African Competition Tribunal has agreed to the proposed transaction that will lead to the takeover of Multichoice Group by Canal+. The announcement was made in a joint statement issued through the Johannesburg Stock Exchange.

It follows a package of commitments made in February that includes funding for local South African general entertainment and sports content, and content creators.

The approval by the Tribunal follows a positive recommendation from South Africa’s Competition Commission as announced on 21 May 2025 and brings an end the competition review process in South Africa.

Maxime Saada, CEO of CANAL+ said it was a hugely positive step in bringing the two companies together. “I’m excited about the potential this transaction unlocks for all stakeholders, notably South African consumers, creative businesses and the nation’s sporting ecosystem. The combined Group will benefit from enhanced scale, greater exposure to high-growth markets and the ability to deliver meaningful synergies.”

Calvo Mawela, CEO of MultiChoice Group added: “The announcement marks a significant milestone and is a major step forward for both companies. It reflects the strength of our strategic vision and our ongoing commitment to continue uplifting the communities where we operate.”

It means the two parties remain on track to complete the Mandatory Offer by Canal ahead of the 8 October 2025 ‘long stop date’.