Sector: Broadcast Media
Type: Broad-based BEE Investment
Innovation: Phuthuma Nathi was created as a broad-based BEE share scheme designed to give Black investors access to 25% of Multichoice South Africa. The scheme has proven to be extremely successful, with over 80 000 Black shareholders
Status: Multichoice is the dominant player in its sector in Africa
USPs: High barriers to entry; defensive business; strong content offering
Why we invested
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