SA Money Daily | French giant Canal+ makes offer to buy DStv owner MultiChoice

The big succession: Looking for new blood at SARS, SARB and the finance ministry

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR French giant Canal+ makes offer to buy DStv owner MultiChoice French entertainment giant Canal+ wants to take control of MultiChoice, making an offer on Thursday to buy all remaining shares it does not own of the DStv owner. In a letter to the MultiChoice board, Canal+ confirmed it would offer shareholders a cash payment of R105 per MultiChoice ordinary share, a premium of 40% to the JSE-listed company's closing share price of R75 on Wednesday.  "It is the ambition of Canal+ to create an African media business with enhanced scale, which can thrive in a competitive international market, better serve its consumers with a world leading offering of sports, local and global content, and ensure that Africa can tell her story to a global audience on her own terms," Canal+ said in a statement on Thursday morning. Read More The big succession: Looking for new blood at SARS, SARB and the finance ministry The government's biggest and most important financial authorities do not have a large pool of new leaders to draw on. Court slams 'opportunistic' Transnet for trying to back out of R34m fence tender The Supreme Court of Appeal dismissed Transnet's "opportunistic" application to set aside a R34-million security fencing tender. Renée Bonorchis | Final roll of the dice? Inside Transaction Capital's high-risk bets Transaction Capital was built on high-risk business bets. But risks don't always pay off, writes Renée Bonorchis. In a single day, Dis-Chem founder sells more than R1.4 billion in shares Former Dis-Chem CEO Ivan Saltzman sold shares worth R1.425 billion to Coronation, which now owns almost 30% of the company. Ellies to enter business rescue amid collapse of Bundu Power bid Shares in Ellies crashed 60% on Wednesday after the 44-year-old electronics group flagged it planned to enter business rescue amid the collapse of a crucial acquisition valued at just over R200 million. Goldi-owner Astral says profits are back, but is 'dismayed' by govt cuts to import duties Astral Foods has returned to profitability in its first quarter, as lower stages of load shedding, a reduced diesel bill and the end of the fat chicken crisis helped SA's largest poultry producer normalise its operations. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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