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MultiChoice Announces Sale Of SuperSports FC In South Africa Amid Loss Of Revenue In Nigeria, Other Countries
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Pan-African broadcast giant, MultiChoice, has announced the sale of SuperSport United Football Club, its Premier Soccer League (PSL) team in South Africa, as it battles massive financial losses across several African markets.
In a statement issued on Thursday, the company confirmed that SuperSport United has been sold to Siwelele Football Club (Pty) Ltd., subject to final approval by the PSL Executive Committee.
“SuperSport International would like to confirm the sale of its Premier Soccer League (PSL) club, SuperSport United, to Siwelele Football Club (Pty) Ltd. Following a closed bidding process, Siwelele F.C was awarded the rights to purchase the three-time Premiership winners, pending approval by the PSL Executive Committee,” the statement read.
According to SuperSport CEO, Rendani Ramovha, the decision to sell the club stems from strategic restructuring aimed at ensuring the broadcaster’s survival in the face of mounting financial pressures.
“The sale of the club comes as SuperSport makes strategic shifts to allow us to remain the biggest broadcaster in Africa and a leading global competitor. Shifts in the market, as well as the need to innovate in accordance with our core business, have necessitated focused direction to allow SuperSport to remain the best sports content provider on the continent and a leader in broadcast innovation,” Ramovha said.
Siwelele F.C chairman Calvin Le John described the takeover as an honour and pledged to continue SuperSport United’s legacy.
“As Siwelele F.C, we are privileged to have been given the responsibility of continuing with a rich winning tradition in the PSL.
“SuperSport and the MultiChoice Group laid an incredible 30-year platform that we wish to build upon, should we get the final vote of approval from the PSL Executive Committee,” Le John said.
He added that out of respect for the league’s processes, “Siwelele F.C., MultiChoice and SuperSport will not be making any further statements pending the decision of the PSL.”
The sale comes as MultiChoice grapples with an alarming revenue collapse across Africa, particularly in Nigeria, its largest market outside South Africa.
MultiChoice Nigeria’s subscription revenue plunged by a staggering 44 per cent in the financial year ending March 2025, falling to $197.74 million from $355.93 million a year earlier.
The company attributed this sharp drop to widespread customer losses in Nigeria, driven by skyrocketing inflation, economic hardship, and a mass exit of subscribers.
Nigeria’s inflation stood at 23.71 per cent as of April 2025, according to the National Bureau of Statistics, and the naira has depreciated by over 44 per cent against the U.S. dollar, leading to foreign exchange losses of more than $158 million for MultiChoice.
The company also confirmed that it lost 1.4 million subscribers in Nigeria alone since March 2023, accounting for 77 per cent of the 1.8 million users who abandoned the service across MultiChoice’s “Rest of Africa” (RoA) markets, which include Kenya, Zambia, and Angola.
Between April and September 2024, it shed 243,000 Nigerian subscribers as conditions worsened. At the close of its 2025 fiscal year, MultiChoice had 14.5 million total subscribers, with 7.5 million of them in RoA.
“Our performance reflects both the challenges we’ve faced and the resilience of our teams,” MultiChoice Group CEO Calvo Mawela said.
“While macroeconomic pressures and currency volatility have weighed on our results, our disciplined execution, cost management, and investment in new long-term growth opportunities position us well for the future.”
Group-wide, MultiChoice’s subscription revenue fell 11 per cent to $2.27 billion. Operating profit dipped by 34 per cent to $263.5 million, and trading profit nearly halved to $228.14 million.
Despite the setbacks, the company reported growth in digital segments such as DStv Internet (up 85 per cent), DStv Stream (up 48 per cent), and Showmax, which saw a 44 per cent rise in active paying users.
“Our strategy is shaped by developments in our industry, such as changes in technology which are driving shifts in consumer behaviour, as well as the impact of a rise in piracy, streaming services, and social media,” Mawela added.
The decision to offload a football club built over three decades underscores the scale of MultiChoice’s ongoing survival battle amid a collapsing pay-TV model in key African economies.
News
Army Opens Application For Short Service Combatant Commission Course 50/2027
The Nigerian Army has opened applications for eligible Nigerians seeking commission into the force under the Short Service Combatant Commission (SSCC) Course 50/2027.
The Army announced the commencement of the recruitment exercise in a statement released on Tuesday, saying the application is open to qualified civilians and serving military personnel who meet the required conditions.
Successful applicants will undergo training and, upon commissioning, serve as SSCC officers in the Combat Arms, including the Infantry and Armour Corps, as well as Combat Support Arms comprising the Artillery, Engineers, Signals and Intelligence Corps.
Prospective applicants are required to visit the official Nigerian Army recruitment portal at nashortservice.army.mil.ng and select the SSCC option.
Applicants are expected to carefully follow the instructions provided on the portal when completing their applications.
The Nigerian Army urged members of the public to disregard any recruitment portal or announcement claiming that applications were opened before the official publication.
The Army also advised prospective applicants to rely only on information published through its official channels.
Applicants and members of the public were further encouraged to watch for official recruitment jingles on television and radio stations following the announcement.
The deadline for applications is Saturday, October 17, 2026.
News
Osun Gov Election: APM Candidate Withdraws, Backs Adeleke
The governorship candidate of the Allied People’s Movement (APM) in the Osun State governorship election, Hon. Adebayo Simon Adewale, has withdrawn from the race and declared his support for the incumbent governor and Accord Party candidate, Senator Ademola Jackson Nurudeen Adeleke.
Adewale announced his decision at a press conference on Thursday, August 13, saying he had reached the decision after deep reflection and extensive consultations with party leaders, supporters and other stakeholders.
He described his withdrawal as a “conscious choice to place the interest of Osun State above personal ambition,” urging members of the APM and his supporters across the state to vote for Adeleke in Saturday’s election.
According to him, the decision was motivated by his conviction that Adeleke deserves another term to consolidate the achievements of his administration.
“Having carefully assessed the situation, I believe Governor Ademola Adeleke deserves another term to consolidate the progress his administration has recorded,” Adewale said.
He added that his decision was not influenced by pressure or personal interest, but was based on what he described as the collective interest of Osun State.
Adewale said politics should ultimately be about serving the people, stressing that his decision was aimed at promoting peace, stability, development and the overall wellbeing of the state.
“Accordingly, I hereby declare my full support for the re-election of His Excellency, Senator Ademola Jackson Nurudeen Adeleke, and I call on all my supporters, members of the Allied People’s Movement, and the good people of Osun State to join me in supporting his re-election,” he said.
The APM candidate also directed members of his party and his supporters to back Adeleke at the polls scheduled for Saturday.
He concluded by calling for unity and a focus on the future of Osun State, saying his decision was taken in the belief that it would best serve the people.
“Politics should always serve the people, and today, I have chosen the path that I believe will best advance peace, stability, development, and the collective interest of our state,” he added.
The development comes less than 48 hours before Osun State voters are expected to elect their next governor.
News
Olowofela Mourns Death of OAU Dean, Professor Rafiu Salawu
Former Oyo State Commissioner for Education and immediate past Federal Character Commissioner representing Oyo State, Professor Adeniyi Olowofela, has expressed deep sadness over the death of the Dean of the Faculty of Administration, Obafemi Awolowo University (OAU), Professor Rafiu Oyesola Salawu.
Olowofela, who is also a former Chairman of Ido Local Government, described the late Salawu as a seasoned professor and his junior at the United Christian Secondary School (UCSS), Omi-Adio, Ibadan.
In a condolence message, Olowofela commiserated with the deceased’s family, the UCSS Omi-Adio community, OAU, Ile-Ife, and other associates of the late scholar.
“The tragic loss of my junior at UCSS and a seasoned Professor at Obafemi Awolowo University has just been brought to my attention. I commiserate with the family, UCSS Omi-Adio, O.A.U, Ile-Ife and in particular Dr. Zach Adedeji, Chairman Federal Revenue Service who enjoyed tutelage under Professor Salawu. May his soul rest in peace,” he said.
Professor Salawu’s death has thrown the Obafemi Awolowo University community into mourning. He passed away on Sunday, although the cause of his death has not been officially disclosed.
Earlier, the university’s Public Relations Officer, Abiodun Olanrewaju, confirmed the death, saying the institution’s management received the news with profound shock and a deep sense of loss.
According to the university, Salawu made significant contributions to the Faculty of Administration despite serving as Dean for barely a year.
Under his leadership, virtually every office in the faculty was equipped with air-conditioning systems, CCTV security systems and solar-powered energy solutions, aimed at creating a modern, secure and technology-driven academic environment.
Beyond infrastructure, Salawu was remembered as a passionate advocate for students and a bridge-builder who prioritised staff welfare, student advancement and strong alumni relations.
Olanrewaju said the late professor’s approachable and resourceful leadership reflected his determination to leave the faculty significantly better than he found it.
The Vice-Chancellor of OAU, Professor Adebayo Simeon Bamire, on behalf of the Governing Council, Senate, management, staff and students, expressed condolences to the bereaved family and the university community.
Bamire described Salawu as a dedicated academic, accomplished administrator and servant-leader whose brief tenure had already established an enduring legacy of institutional transformation.
The university management prayed that Almighty God would grant the deceased’s family, colleagues, students and the entire OAU community the fortitude to bear the loss.
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