Speaking while presenting the company’s 2025 annual results and strategic update, Canal+ chief executive Maxime Saada said the company intends to bring its shares to South Africa’s main stock exchange in the near future.
“We expect to list Canal+ on the Johannesburg Stock Exchange soon, in what will be a significant moment for our company,” Saada said.
Canal+ first pledged to pursue a secondary listing in Johannesburg in October 2025 as part of regulatory commitments made to South Africa’s competition authorities during its acquisition of MultiChoice. The company already maintains its primary listing on the London Stock Exchange, where international investors currently trade its shares.
MultiChoice Acquisition Completes, Delisting Concludes
![Canal+ headquarters as the French media group projects nearly $479 million in annual cost savings from its MultiChoice acquisition, with Africa central to its long-term growth strategy. [X, formerly Twitter]](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI3OTAiIGhlaWdodD0iNDQ1IiB2aWV3Qm94PSIwIDAgNzkwIDQ0NSI+PHJlY3Qgd2lkdGg9IjEwMCUiIGhlaWdodD0iMTAwJSIgc3R5bGU9ImZpbGw6I2NmZDRkYjtmaWxsLW9wYWNpdHk6IDAuMTsiLz48L3N2Zz4= "Canal+ headquarters as the French media group projects nearly $479 million in annual cost savings from its MultiChoice acquisition, with Africa central to its long-term growth strategy. [X, formerly Twitter]")
According to the company, adding a Johannesburg listing will help preserve access for South African investors and maintain liquidity in the local market after MultiChoice’s delisting.
Canal+ has indicated it aims to complete its secondary listing within nine months of the acquisition, targeting a trading debut in Johannesburg before September 2026.
For South African investors, the move effectively restores a pathway to invest in the continent’s largest pay television ecosystem, which includes popular sports broadcasting and locally produced entertainment content across Africa.
At the time, former MultiChoice chairman Imtiaz Patel said the unbundling was designed to unlock value for shareholders while creating a profitable African entertainment leader listed on the Johannesburg Stock Exchange.
With Canal+ now integrating MultiChoice into its global operations, the planned Johannesburg listing signals a renewed bet on Africa’s media market and its long-term growth potential.
