Multichoice’s Market Capitalisation Tops $3bn On JSE Debut

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Africa’s biggest pay-TV group, MultiChoice, debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalisation of 42 billion rand (3.03 billion dollars). South African e-commerce giant, Naspers, decided to spin off MultiChoice after coming under pressure in recent years to find ways to narrow a […]

 

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Food Processing And Packaging BusinessNigeria is the largest market in sub-Saharan Africa with a population of over 180 million growing at three per cent annually. The economy recorded impressive growth of 7.85 per cent in 2010 and 7.72 per cent as of the second quarter of 2011 compared to 5.2 per cent forecast for sub-Sahara Africa and food inflation […]
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