Shares of pay-TV group CANAL+ rose on its Johannesburg Stock Exchange (JSE) trading debut this Wednesday, when it became the first French company to list \u200cin South Africa (SA) following a deal with local broadcaster MultiChoice Group last year.<\/p>\n
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The company, which has a primary listing in London, climbed to R58.50 ($3.60) at market open<\/p>\n
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At the time of CANAL+’s acquisition of MultiChoice in 2025, it said it would have a secondary listing \u2060in SA, providing a boost for JSE, which has suffered from a series of departures and few high-profile joiners in recent years.<\/p>\n
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CANAL+, which had a market capitalisation of \u00a32.25 billion ($3.03 billion) on the day prior to its pre-listing announcement on May 12, is the only global media and entertainment group on the exchange.<\/p>\n
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Its move into English-speaking Africa reflects its stated ambition to become a global entertainment platform \u200cacross \u2060Europe, Africa and Asia.<\/p>\n
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Chief Executive Officer Maxime Saada said the Johannesburg secondary listing aligns the group’s capital, government relationships and creative resources with African investors, partners and audiences.<\/p>\n
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“Our hope is for this listing to enhance the liquidity of our shares, \u2060to broaden our shareholder base and to support our growth ambitions. But more than that, we believe that we can create value in Africa,” he told \u2060spectators before blowing into a Kudu horn to signal the company’s market debut.<\/p>\n
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JSE Chaireperson Phuthuma Nhleko said the listing reflects strong global confidence \u2060in SA’s capital markets, reinforcing the bourse’s role in linking international capital with African growth opportunities, and highlights continued belief in the continent’s long-term prospects.<\/p>\n
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–Reuters–<\/p>\n","protected":false},"featured_media":36157,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-36156","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Shares of pay-TV group CANAL+ rose on its Johannesburg Stock Exchange (JSE) trading debut","published_date":"2026-06-03 14:38:49","news_description":"Shares of pay-TV group CANAL+ rose on its Johannesburg Stock Exchange (JSE) trading debut","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36156\/revisions"}],"predecessor-version":[{"id":36162,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36156\/revisions\/36162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/36157"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=36156"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=36156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}