Business
CANAL+ : lists on the JSE
CANAL+ : lists on the
About this update from Canal+ Sa
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 The Johannesburg Stock Exchange (JSE) today welcomed CANAL+, a leading global media and entertainment company, to its Main Board, marking a significant milestone in the exchange's continued evolution as a globally competitive marketplace. The secondary listing of CANAL+ 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. CANAL+ enhances the JSE's sectoral diversity and provides local investors with direct, rand-denominated exposure to a globally diversified media and entertainment business with a significant African footprint. CANAL+ listed on the London Stock Exchange in December 2024 and, using the fast-track framework, today becomes the first ever French company to list on the JSE, further strengthening the links between the capital markets of South Africa and Europe. As the only global media and entertainment company listed on the JSE, CANAL+ provides investors on the JSE with a unique investment opportunity. CANAL+ is a global media and entertainment company rooted in, focused on, and now listed in both Africa and Europe, with operations in over 70 countries, and approximately 15,000 employees. CANAL+ offers an unrivalled mix of local and global content, on a platform purpose built to ensure effortless discovery, which it makes available as widely as possible. In Europe, CANAL+ has over 18 million subscribers across 12 countries, and it holds leading positions in many of these markets. In Africa, where CANAL+ has operated for over 30 years, it now has 23 million subscribers across more than 40 African countries, and it offers content in over 50 languages. The group's listing on the JSE aligns with its long-term strategy to expand its presence in 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, continue to drive sector growth. The JSE listing will increase CANAL+ liquidity and enable African investors to benefit from CANAL+ growth. Maxime Saada, CEO of CAN...