French media group Canal+ will become the first French firm to list on the Johannesburg Stock Exchange (JSE) when it begins trading on June 3, 2026, marking a rare cross-border capital markets move into South Africa.
The listing is a secondary inward listing, meaning Canal+ will retain its primary listing in London while giving South African investors direct access to its shares. The move follows its acquisition of South African broadcaster MultiChoice and is part of its broader integration strategy in the region.
Company executives say the JSE listing is aimed at improving liquidity and expanding the investor base, while strengthening its presence in Africa’s media and entertainment market. Canal+ has framed the listing as a structural step following its expansion into English-speaking Africa through MultiChoice.
The group has also pointed to operational restructuring and early turnaround efforts within MultiChoice as it attempts to stabilise performance after a period of subscriber and revenue pressure. Despite near-term challenges, Canal+ has maintained its full-year guidance for 2026.
The June 3 debut will make Canal+ the first French company to be listed in South Africa, adding another layer to its evolution from a European broadcaster into a pan-African media and distribution platform.
Leave a Reply