OPINION | Giving up lucrative opportunity for blue sky

PREMIUM

After presiding over the most successful BEE transaction in SA’s history, MultiChoice Group has taken steps that will subtly reverse some of the gains of the black investors in the SA unit. In a scheme that must be taken up by October 28, MultiChoice is offering to exchange up to 20% of the shares in Phuthuma Nathi for stock in the listed entity...

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