CANAL+ lists on the JSE, strengthening the group’s dual-continental approach and reinforcing SA’s role as a gateway to global capital and African growth.
France-based global media and entertainment company Canal+ became the first French company to list on the JSE’s Main Board on Wednesday as it sets its sights on further expansion onto the African continent.
The group’s secondary JSE listing follows a listing on the London Stock Exchange 18 months ago and also fulfils a commitment the French group made to list in Johannesburg as part of its acquisition of MultiChoice Group, the parent company of DSTV, last year.
The secondary JSE listing aligns with Canal+’s strategy to expand into high-growth markets, particularly in sub-Saharan Africa, where rising connectivity, a young and growing population - expected to increase by 800 million by 2050 - strong GDP growth - 4.5% growth expected between 2026 and 2030 - and accelerating demand for content and connectivity are driving sector growth.
The listing also signals strong international confidence in South Africa’s capital markets and reinforces the JSE’s role as a conduit between global capital and African growth opportunities, the JSE’s CEO, Valdene Reddy, said.
