Experienced leadership team well-positioned to grow group’s leading entertainment company position in Africa Naspers today announced the executive leadership team for the newly formed MultiChoice Group (formerly Naspers’ Video Entertainment business). Calvo Mawela has been appointed Group Chief Executive Officer and Imtiaz Patel has been appointed Executive Chairman of the MultiChoice Group. Further appointments include Tim Jacobs as Chief Financial Officer and Brand de Villiers as Group Chief Operating Officer. The appointments will be effective 1 November 2018.
Naspers today announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new company will be named MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. Commenting on the transaction, Naspers CEO Bob van Dijk said: “This marks a significant step for the Naspers Group as we continue our evolution into a global consumer internet company.