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Broadcaster CANAL+ becomes first French company to list in Johannesburg

CANAL+, which had a market capitalisation of £2.25 billion (51 billion rand) on the day prior to its pre-listing announcement on May 12, is the only global media and entertainment group on the exchange.

Published

3 months ago

June 3, 2026

OCHEFA

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• CANAL+ logo

Shares of pay-TV group CANAL+ (CAN.L), rose on its Johannesburg Stock Exchange trading debut on Wednesday, when it became the first French company to list ‌in South Africa following a deal with local broadcaster MultiChoice Group last year.

The company, which has a primary listing in London, climbed to 58.50 rand at market open.

Reuters reported that at the time of CANAL+’s acquisition of MultiChoice in 2025, it said it would have a secondary listing ⁠in South Africa, providing a boost for Johannesburg’s stock exchange, which has suffered from a series of departures and few high-profile joiners in recent years.

Its move into English-speaking Africa reflects its stated ambition to become a global entertainment platform ‌across ⁠Europe, Africa and Asia

.CEO Maxime Saada said the Johannesburg secondary listing aligns the group’s capital, government relationships and creative resources with African investors, partners and audiences.

“Our hope is for this listing to enhance the liquidity of our shares, ⁠to 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 ⁠spectators before blowing into a Kudu horn to signal the company’s market debut.

JSE chairman Phuthuma Nhleko said the listing reflects strong global confidence ⁠in South Africa’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.

Related Topics:CANAL+ Johannesburg Stock Exchange listing Featured

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TCN improves Power Supply to Apapa corridors by additional 208MW

The upgrade replaces an outdoor transformer that had served as a stopgap after the original facility, commissioned in 1985, was decommissioned.

Published

59 minutes ago

August 18, 2026

OCHEFA

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The Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Mr. Sule Ahmed Abdulaziz , says from now Apapa Causeway, Ijora, Amukoko, Ajegunle, Apapa Wharf, Tin Can Island and other major commercial areas, will be having improved power supply.

Abdulaziz made the declaration on Monday during the commission of Ijora and Apapa Road transmission substations in Lagos by additional 208MW .

The project is aimed at improving the volume and reliability of electricity available to distribution companies for onward supply to homes, businesses and industries.

Abdulaziz said that the projects, sponsored by the Japan International Cooperation Agency (JICA) and the World Bank respectively, in partnership with TCN, underscored the Federal Government’s commitment to modernising the transmission network and improving grid stability.

He commended the Ministry of Power, JICA, the Government of Japan, Lagos State Government and other stakeholders for supporting the projects, while appealing for additional grant assistance to upgrade other critical sections of the transmission network.

Speaking at the commissioning, Minister of Power, Mr. Joseph Tegbe, said that the projects were part of the Federal Government’s efforts to address longstanding transmission constraints and infrastructure decay that have limited the country’s ability to fully utilise available generation.

The upgrades increased the Ijora substation’s capacity by 112MW, from 90MVA to 230MVA, following the installation of two new 100MVA transformers.

At Apapa Road, a new Gas Insulated Substation (GIS) added another 96MW, raising the facility’s capacity from 60MVA to 180MVA.

The upgrade replaces an outdoor transformer that had served as a stopgap after the original facility, commissioned in 1985, was decommissioned.

Business

CBN’s Sidi-Ali wins 2026 overall Spokesperson of the Year Award, courtesy of NSA

Published

3 hours ago

August 18, 2026

OCHEFA

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•Mrs Hakama Sidi Ali.

The Ag. Director of Corporate Communications of the Central Bank of Nigeria (CBN), Mrs. Hakama Sidi-Ali, has won the 2026 edition of the National Spokespersons Award (NSA).

The recognition was announced during the 6th National Spokespersons Awards and the 4th Economic Confidential Annual Lecture, organised by Image Merchants Promotion Limited (IMPR), publishers of PRNigeria, Economic Confidential and Spokespersons Digest, held in Abuja, recently.

The organisers stated: “With the latest honour, Sidi-Ali completed an unprecedented hat-trick at the National Spokespersons Awards, becoming the first communications professional to progress from winning a sector-specific award twice consecutively to claiming the overall Spokesperson of the Year title.