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French pay-TV group Canal+ to list in South Africa on June 3

Published by Global Banking & Finance Review

Posted on April 28, 2026

1 min read

· Last updated: April 28, 2026

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French pay-TV group Canal+ to list in South Africa on June 3
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Canal+ Becomes First French Firm to List Shares in South Africa June 3

Canal+'s Landmark Listing and Financial Performance

LONDON, April 28 (Reuters) - Pay-TV group Canal+ said on Tuesday it would become the first French company to list in South Africa when it joins the Johannesburg stock exchange on June 3, fulfilling a commitment made when it bought the country's MultiChoice Group last year.

Financial Overview and Market Reaction

Canal+, which has a primary listing in London, said it made a "solid start" to 2026, with broadly flat revenue, and it reiterated its guidance for the year.

Shares in Canal+, which fell 17% last month when it revealed the challenge it faces in reviving MultiChoice, rose 7.5% in early deals.

MultiChoice Turnaround Efforts

Chief Executive Maxime Saada said the first steps in the MultiChoice turnaround had launched, including strengthening its commercial operation and recruiting new sales teams.

Revenue Details

Total group revenue fell 0.4% in the first quarter on a restated basis to take into account the contribution from MultiChoice, the company said.

Reporting Credits

(Reporting by Paul Sandle; Editing by Kirsten Donovan)

Key Takeaways

  • Canal+ secured over 90% of MultiChoice shares and completed a ‘squeeze‑out’, fully acquiring the South African pay‑TV operator and delisting it from the JSE in December 2025 (canalplusgroup.com).
  • The acquisition, Canal+’s largest ever, creates a global media group with more than 40 million subscribers across nearly 70 countries and underscores its dominance in African pay‑TV (mg.co.za).
  • As part of regulatory and public interest commitments, Canal+ pledged to support South African content, maintain BBBEE credentials, avoid retrenchments for three years, and ensure domestic investor access via the JSE listing (lemonde.fr).

References

Frequently Asked Questions

When will Canal+ list on the Johannesburg stock exchange?
Canal+ will list on the Johannesburg stock exchange on June 3.
Why is Canal+ listing in South Africa?
Canal+ is listing in South Africa to fulfill a commitment made after acquiring MultiChoice Group.
What recent financial performance did Canal+ report?
Canal+ reported total group revenue fell 0.4% in the first quarter, with broadly flat revenue overall.
What steps has Canal+ taken to turn around MultiChoice?
Canal+ has strengthened its commercial operations and recruited new sales teams to revive MultiChoice.
How did Canal+ shares react after recent announcements?
After a previous decline, Canal+ shares rose 7.5% in early trading following the announcement.

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