MultiChoice, in Africa Outside South Africa, Announced That There Will Be No Price Increase for ...

Naspers Limited (JSE: NPN, LSE: NPSN): Today MultiChoice Africa Limited, a subsidiary of Naspers Limited that offers video entertainment services in Africa outside South Africa, announced that there will be no price increase for subscribers to its DStv service (direct-to-home satellite television service) in the majority of its African markets. Price increases usually occur annually around 1 April. Most African markets have suffered as a result of commodity and oil price weakness, and because of the significant devaluation of local currencies. Many of MultiChoice Africa’s costs are incurred in dollars, which forced it to pass through price increases in 2015. Nevertheless, MultiChoice...