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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.

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“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.

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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.

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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.

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“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.

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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.

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No Rest Until Key FCT Projects Are Delivered, Wike Declares(Photos)

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…Says Tinubu’s Govt Will Meet January Deadline On FCT Projects Completion

Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, on Monday declared that there would be no slowdown in the execution of critical infrastructure projects in Abuja, insisting that the administration remains under obligation to fulfil promises made to residents before President Bola Tinubu’s first term ends.

Speaking after inspecting the ongoing Apo-Karshi and Bwari-Kubwa road projects, Wike said the successful commissioning and flag-off of projects in the FCT was not the end of the administration’s infrastructure drive, stressing that several strategic projects must be completed before January.

He said public confidence in the Tinubu administration must not be taken for granted, noting that the government would continue to monitor contractors to ensure projects are delivered on schedule.

“Has the tenure of Mr. President ended? Certainly not. His first tenure has not ended. His first tenure will end precisely on May 29, 2027. If that is the case, it means the work has also not ended,” Wike said.

While acknowledging that many expected the administration to take a break after weeks of project commissioning, the minister maintained that governance demands continuity.

“We have made promises to the people during the commissioning and flag-off that certain key projects must be commissioned before the end of the year. We cannot afford to disappoint them.”

Expressing satisfaction with progress on the long-delayed Apo-Karshi Road, Wike noted that the project, awarded in 2010, had suffered years of neglect before the current administration revived it.

He commended President Tinubu for providing the support that enabled the project to move forward and praised SCC Nigeria Limited for maintaining a high standard of work.

“My happiness today is that the Apo-Karshi Road, which has been a major concern, is progressing very well. Streetlights are already being installed. I commend the contractor and the host communities for their cooperation.”

On the Bwari-Kubwa Road, the minister directed the contractor to maintain the agreed delivery schedule despite the difficult terrain, warning against unnecessary delays.

“I told the contractor during the Dei-Dei commissioning that this road would be commissioned before the end of the year. I don’t want anybody shifting the goalposts. They have demonstrated commitment, and I believe they will hand over the project as scheduled.”

He assured the contractor that the FCT Administration would continue to release funds promptly to ensure work is not disrupted before the end of the dry season.

Wike disclosed that inspections of other projects recently flagged off would continue this week as part of efforts to sustain the administration’s “promise made, promise fulfilled” agenda.

“When people have confidence in you, don’t allow that confidence to erode. They have seen that we keep our promises, and we must sustain that confidence. We have about eight to ten major projects that must be completed before January, and we are determined to deliver.”

The minister also responded to concerns over illegal motor-racing on newly completed roads in the Federal Capital Territory, saying the administration would not tolerate activities that endanger residents.

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According to him, while improved road infrastructure may have encouraged some motorists to engage in reckless driving, public safety would remain paramount.

“If they want to engage in car racing, there are designated places for that, not within residential areas. Their rights have limitations, and life is more important.”

He directed the FCT traffic authorities to investigate the development and take appropriate measures to prevent street racing in residential communities while ensuring the safety of road users.

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We don’t have current negotiations with US — Iran

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Iran’s foreign ministry on Monday said it was not currently involved in negotiations with the United States, despite a halt in recent fighting between the two sides.

“Mediators may convey messages from the American side to us regarding current developments in the region. But at present, we are not engaged in any negotiations with the United States,” ministry spokesman Esmaeil Baqaei said at a weekly press briefing.

“Claims that Iran has requested negotiations are fabrications that the other side circulates from time to time,” he added.

Hostilities resumed between Iran and the United States earlier this month after diplomatic efforts collapsed amid an impasse regarding the Strait of Hormuz.
Fighting has nonetheless paused since early Saturday, following 13 days of exchanges of fire between the two sides.

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Baqaei criticised the United States, saying its conduct in recent years has “resembled that of a mafia gang that adheres to no rules or laws”.
“So long as such behaviour by the United States continues, we cannot be hopeful about the emergence of a reasonable process,” he added.

Iran insists on retaining control over the management of the Strait of Hormuz, including the collection of service fees, while keeping Oman involved as a coastal state.
Iran’s Revolutionary Guards have turned back multiple vessels in recent days, including six earlier on Monday, that attempted to transit the strait outside the route designated by the Islamic republic.

On Monday, Baqaei reiterated that Washington had nothing to do with recent talks with Oman over the administration of the Strait of Hormuz.
“These talks have no connection with the United States. They are a bilateral matter between Iran and Oman, and they are continuing,” Baqaei said, adding that the waterway “remains closed”.

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Police Finally Confirm Abduction Of Kebbi High Court Judge By Bandits

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The Kebbi State Police Command has confirmed the abduction of
a Kebbi State High Court judge, Justice Faruku Hassan Bunza after suspected Bandits invaded his residence in Bunza Local Government Area.

Confirming the abduction, the State Police spokesperson, SP Bashir Usman, said the judge was taken from his residence around midnight.

“I can confirm that Hon. Justice Faruku Hassan Bunza was abducted from his residence in Bunza around midnight,” Usman said.

He disclosed that the Commissioner of Police, CP Umar Muhammad Hadejia, had immediately deployed tactical and intelligence teams to track the abductors and rescue the judge.

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“Our personnel are combing identified locations, including forest hideouts, to ensure that the judge is rescued alive and unharmed,” the police spokesperson said.

NATIONAL WAVES learnt that the gunmen stormed the judge’s home along Zogirma Road at about 12:00 a.m. on Sunday, shortly after he returned from a trip to Sokoto State.

The attackers fired sporadically into the air before whisking the judge away. No member of his household was kidnapped or molested during the operation. He had just returned from Sokoto when the gunmen invaded his residence and abducted him,” a source squealed

A family member who craved for anonymity said “Immediately the incident happened, we alerted the relevant authorities, including the leadership of the High Court,”

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