Canal+ Signals Africa Focus with Secondary Johannesburg Stock Exchange Listing

Canal+  is moving forward with plans for a secondary listing on the Johannesburg Stock Exchange (JSE) as part of a broader strategy to deepen its presence in Africa following its acquisition of MultiChoice. This initiative highlights the company’s commitment to the African market and its ambition to integrate MultiChoice more closely into its global operations, while attracting regional investors to the newly combined entertainment group.

The JSE listing is expected to occur within months after the restructuring and delisting of MultiChoice from the exchange. Through this inward secondary listing, South African investors will be able to hold shares directly in Canal+, gaining exposure to the combined group formed through the acquisition. This approach aims to maintain strong local investor engagement while expanding Canal+’s footprint in the region.

Canal+ completed its takeover of MultiChoice in 2025, having secured regulatory approvals and acquired the majority of the company’s shares. The group then moved to acquire the remaining shares through a squeeze-out process, resulting in the full delisting of MultiChoice from the JSE in December 2025. This consolidation represents a critical step in Canal+’s long-term strategy to build a global entertainment platform with Africa as a central growth pillar.

The planned JSE listing forms part of a broader strategic push to strengthen Canal+’s presence across the continent. Africa is seen as a market with significant long-term growth potential, particularly as demand for digital entertainment, pay-TV, and streaming services continues to rise. Canal+ executives have indicated that the group is entering a new phase focused on executing its strategy in the region and improving MultiChoice’s performance.

Listing on the JSE is also expected to enhance the liquidity of Canal+ shares while preserving strong ties with the South African market, where MultiChoice has historically been a dominant entertainment provider through platforms such as DStv and GOtv. The combined group now reaches roughly 40 million subscribers globally and operates in over 70 countries, providing substantial scale in both African and international media markets.

The strategy aligns with Canal+’s broader integration plan following the MultiChoice acquisition. The company plans to leverage the combined group’s scale to achieve cost synergies, streamline operations, and invest in growth opportunities across Africa. Key initiatives include strengthening distribution networks, expanding local content production, and enhancing the value proposition of its entertainment platforms.

With the upcoming JSE listing, Canal+ is signaling that Africa will remain central to its long-term expansion strategy. The move is expected to reinforce investor confidence in the combined group while positioning Canal+ to capture opportunities across one of the world’s fastest-growing media and entertainment markets.