Various Changes Made By MultiChoice And Canal+ Ahead Of The Merger
Below is some of the developments that occurred during the takeover bid between MultiChoice and Canal+ Sanlam acquiring 60% stake in NMS Insurance Services A registered South African composite micro-insurer and authorised financial services provider, licensed to underwrite non-life and life insurance products. It has been writing insurance for the past 20 years under the DStv brand of MultiChoice, focusing on device, installation, funeral, subscription waiver, and debt waiver insurance products. It had been outlined on several occasions that Canal+ is only focusing on core assets being DStv, GOtv, M-Net and SuperSport so it's no surprise that Sanlam would have acquired interest in NMS Insurance Services. With MultiChoice being financially constraint, they need funding in order to sustain their operations and the French doesn't want a hand in this. Canal+ closing off its branch in Ethiopia After partnering up with Bruh Entertainment to launch a rivalled offering to
