MultiChoice South Africa CEO Marc Jury will leave his role on March 31, 2025, after nearly 10 years with the company.
Group CEO Calvo Mawela announced the departure in a memo to staff yesterday.
Why it matters
Jury exits during a challenging period for MultiChoice, which has seen its subscriber base drop by 800,000 in six months and profits decline by nearly R7 billion.
The company is navigating financial pressure and awaiting regulatory approval for a R30 billion takeover bid by France’s Canal+.
What they’re saying
- “Marc has decided to pursue opportunities in the business of sport, a field that has always been close to his heart,” Mawela said, adding that Jury has been a “passionate advocate for fostering a culture where people thrive and excel.”
- Mawela credited Jury for milestones like the SA20 cricket league, Showmax 2.0, and the Lions rugby tour, calling his leadership legacy “immense.”
The big picture
Jury’s successor, Byron du Plessis, will step into the role on December 1, 2024, to begin a four-month transition. A MultiChoice veteran of over 13 years, Du Plessis has been instrumental in strategic deals, including partnerships with KingMakers, Comcast, and Sanlam.
Looking ahead
- Du Plessis will focus on revitalizing MultiChoice South Africa, prioritizing growth, customer-centric strategies, and execution amid the company’s financial headwinds.
- The company is also selling its insurance business to Sanlam to bolster equity and finalize its deal with Canal+.
Zoom out
Jury’s departure underscores the shifting dynamics in South Africa’s video entertainment industry as MultiChoice grapples with competition, subscriber loss, and strategic pivots.
Source: ITWeb
