French media giant Canal is set to merge with South Africa's MultiChoice , following conditional approval from the Competition Tribunal of South Africa. The acquisition must be finalized by October 8, 2025, and is expected to create one of the most powerful media groups on the African continent.
The tribunal's approval includes several conditions to safeguard South African interests. Among them is a three-year moratorium on retrenchments linked to the merger, ensuring job security for employees during the integration period.
In a statement, the Black Business Council BBC expressed strong support for the deal, noting that it anticipates the merger will promote empowerment and growth opportunities for South Africans, particularly for black entrepreneurs and creatives within the audiovisual sector.
