CANAL+ Lists in Johannesburg to Support Africa Growth
The French pay-TV group CANAL+ has completed a secondary listing on the Johannesburg Stock Exchange following its 2025 acquisition of MultiChoice. Chief Executive Maxime Saada expressed confidence in a 100 million euro plan to revive the South African broadcaster through new sports rights and streaming partnerships.
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CANAL+ debuted on the Johannesburg Stock Exchange on Wednesday, marking the first secondary listing by a firm from France in the city. The stock held steady near its opening price of 58.50 rand ($3.59) throughout the day. This move fulfills a 2025 acquisition pledge and provides a liquidity boost to a bourse recently hit by several high-profile exits.
