Multichoice loses $72m on naira devaluation

MultiChoice, Africa’s leading pay-TV provider, reported a third consecutive semi-annual loss, attributing its financial challenges to foreign exchange difficulties in Nigeria and persistent power outages in South Africa. In a filing on Wednesday, Africa’s largest pay-tv company disclosed a net loss of 1.32 billion rand ($72.4m) for the six months ending September 30. The loss

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