Groupe Canal+, the parent company of MultiChoice and DStv operator, has announced plans to list on the Johannesburg Stock Exchange (JSE) on June 3, 2026. This confirmation follows the French media conglomerate’s intention to initiate a secondary listing around the time of its annual financial results for the fiscal year ending in 2025.
In a statement posted on its website, Canal+ reiterated that the secondary listing on the JSE is set for June 3, 2026. The company had previously expressed its intent to pursue this move in October 2025, a condition tied to its acquisition of MultiChoice.
Already listed on the London Stock Exchange, Groupe Canal+ will become the first French firm to trade on the JSE. Canal+ CEO Maxime Saada noted during a March presentation of the annual financial results that the JSE listing is expected in the near future.
MultiChoice had previously delisted from the JSE in December 2025, after nearly seven years of trading. “Listing Canal+ on the JSE will be a pivotal moment for our organisation,” Saada remarked. He emphasised the company’s goal of tapping into Africa’s growth potential and its turnaround strategy for MultiChoice.
The secondary listing was part of Canal+’s commitments to the Competition Commission when it sought approval for the acquisition of MultiChoice. The company stated that this listing would enhance market liquidity and provide trading opportunities for South African investors.
Groupe Canal+ gained control of MultiChoice in September 2025, following a protracted mandatory buyout process. On December 5, 2025, Canal+ completed its acquisition of the remaining shares of MultiChoice.
The June 2026 listing aligns with Canal+’s commitment to complete the process within nine months, aiming to have shares trading by September 2026. Canal+ also intends to implement a recovery plan for MultiChoice and execute cost-cutting measures as part of its strategic initiatives.
Recently, Canal+ disclosed plans to invest up to US$100 million to support MultiChoice’s turnaround and foster sustainable growth. The strategy encompasses four key pillars aimed at driving subscriber growth and enhancing business stability.
The first pillar emphasises delivering an engaging content selection in Africa, focusing on joint products, in-house channels, and global partnerships while prioritising the production of local African content and maintaining important sports rights.
The second pillar aims to streamline and enhance MultiChoice’s commercial offerings by clarifying pricing and branding and improving marketing strategies.
The third pillar is designed to boost subscriber numbers by reducing entry costs through hardware subsidies, expanding the distribution network, and deploying over 1,000 field sales personnel.
Lastly, the strategy’s fourth pillar, Operational Excellence at Scale, includes a voluntary severance plan for MultiChoice’s support functions.
Furthermore, Canal+ is restructuring Irdeto, MultiChoice’s wholly-owned technology and cybersecurity subsidiary. These measures are designed to enhance MultiChoice’s operational efficiency by utilising best practices and a standardised operating model across its markets.
Canal+ has assured stakeholders that these steps align with the commitments made to the Competition Tribunal during the acquisition process, ensuring job security for South African employees within the MultiChoice Group for the next few years.
