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Icasa expresses concern over MultiChoice listing despite complaint | Business | M&G

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Icasa has expressed its “concern” that the MultiChoice group proceeded with its listing on the JSE despite facing a complaint before Icasa’s complaints and compliance committee.

The Independent Communications Authority of South Africa has expressed its “concern” that the MultiChoice group proceeded with its listing on the JSE despite facing a complaint before Icasa’s complaints and compliance committee .In late January, non-profit Khulisa Social Solutions lodged a complaint with the CCC regarding the listing, saying MultiChoice was contravening the Electronic Communications Act.

In a statement issued on Wednesday – the date MultiChoice began trading on the JSE – Icasa said it “note with concern that the listing of the MultiChoice Group seems to be going ahead even though there is a complaint before the complaints and compliance committee against the licensee on this listing matter.”

“Section 13 of the ECA states that ‘an individual licence may not be let, sub-let, assigned, ceded or in any way transferred, and the control of the individual licence may not be assigned, ceded or in any way transferred to any other person without the prior written permission of the Authority’,” Icasa said in its statement.

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