Hits&Misses

SABC, MultiChoice hook up, while top jobs elude SA’s women

THE SABC has reached a new commercial channel supply agreement with MultiChoice. Though the two organisations did not disclose details, reports suggest that the public broadcaster could receive between R700m and R900m a year for providing MultiChoice’s DStv with a 24-hour news channel and the entertainment channel SABC Encore.

JOHANNESBURG mayor Herman Mashaba is aiming to raise about R20bn from SA’s largest banks to redevelop 71 dilapidated buildings into affordable housing units. The city is looking to redevelop about 500 buildings over five years.

CURRO, which operates 139 schools on 57 campuses, reported strong gains in margins in the six months to endJune as its efforts to cut costs by centralising functions began to pay off. The improvement meant Curro reported an 18% rise in revenue to R1.2bn and a 26% gain in pretax profits to R184m.

THE number of women leaders at SA’s top companies remains the same as in 2015‚ and has dropped since 2012‚ new research shows. Done by recruitment firm Jack Hammer, the research focused on the management of SA’s top 40 listed companies‚ as well as a random selection of 40 other large to medium-sized organisations with offices in SA.

NASPERS shares fell after its 31%-owned subsidiary Tencent posted a surprise drop in quarterly profit as regulatory uncertainties hurt the company’s ability to make money off marquee titles.

PARASTATALS and government departments owe the eThekwini municipality more than R230m. A report outlining steps the city is taking to recover the debt shows entities including Transnet National Ports Authority‚ the Passenger Rail Agency of SA and the Ingonyama Trust collectively owe the city R231.3m.