Wednesday, October 15, 2014

MultiChoice may look to cut TV channels from the existing DStv offering due to the weakness of the South African rand.

MultiChoice could be considering cutting certain TV channels from its DStv service due to the weakeness of the South African rand.

The South African satellite pay-TV provider could possibly start cutting certain DStv channels from its offering to subscribers according to reports, since the South African rand makes it increasingly expensive to pay for the television content which MultiChoice has to do in dollars.

John Kotsaftis, the CEO of DStv Digital Media said that the South African rand is "a big problem" for the pay-TV provider due to the weakness of the South African currency.

MultiChoice could therefore start to possibly consider scaling back by dropping existing TV channels which are not performing and which attract only a small number of viewers. "It's not looking good," said John Kotsaftis, noting that the pay-TV provider is "far more cautious than we used to be".