Africa’s tech giant Naspers announced on Thursday that Calvo Mawela has been appointed Group chief executive officer of the newly established MultiChoice Group.
Last month, Naspers announced plans to unbundle Africa’s biggest TV operator, MultiChoice.
MultiChoice, which broadcast to some 50 countries, will also be listed on the JSE.
The new TV operator company will be known as MultiChoice Group. Naspers will retain its primary listing on the JSE.
The new company will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto.
On Thursday, Naspers also announced that Imtiaz Patel has been appointed Executive Chairman of the MultiChoice Group and Tim Jacobs as Chief Financial Officer and Brand de Villiers as Group Chief Operating Officer.
The appointments will be effective 1 November 2018.
Mawela has an engineering background and has served as an executive within the MultiChoice Group since 2007. With over 17 years in broadcasting, Calvo brings with him rich and varied experience and a proven track record of managing critical business and regulatory issues in South Africa and the rest of the continent. Within the broader Naspers Group, Calvo has held senior roles in Orbicom and MWEB. He has also served as a Councillor on the Digital Migration Advisory Council of the Minister of Communications. Calvo was until recently the Group CEO of MultiChoice South Africa.
“This announcement marks a significant step for the MultiChoice Group as they journey towards a stand-alone business,” Naspers CEO Bob van Dijk said.
“I am confident that through the leadership of Imtiaz and Calvo, MultiChoice Group will continue on its growth trajectory and unlock even more value for its shareholders.”
MultiChoice Group will be Africa’s leading video entertainment business. In the last financial year, Video Entertainment added 1.5 million subscribers and generated revenue of R47.1 billion and trading profit of R6.1 billion. It is one of the fastest growing PayTV operators globally and its multi-platform business entertains 13.5 million households across Africa. MultiChoice Group has an unmatched selection of leading international and local content, a world-class sports offering, and a track record of operating at the leading edge of technology.
“Our leadership team is diverse, experienced and well-positioned to grow our position as the leading entertainment company on the African continent. There are significant growth opportunities for MultiChoice Group in Africa,” Mawela said.
“The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet
television service, alongside Irdeto’s 360 security suite will provide a unique offering.”