MultiChoice South Africa has revealed that CEO Mark Rayner has resigned – “it is with great regret that today we announced the departure of Mark Rayner from MultiChoice, effect 30 November 2020.”
“Having been part of the MultiChoice family for the past 14 years leading in various parts of the group, Mark Rayner has now decided to further his journey outside the group.”
MyBroadband reports that Rayner began working at the company in 2007 where “he served as the CFO of DStv Mobile until September 2008, after which he took the helm at the company”.
The African entertainment company ads that an announcement on Rayner’s successor will be made in the near future.
MultiChoice to Deepen Investment in Ethiopia
MultiChoice has announced its intentions to “significantly increase its investment in Ethiopia which is recognised as having huge growth potential with its large population (second only to Nigeria)”.
MultiChoice has operated in the country since 1992, and the company is looking to significantly expand its reach, investment in people and infrastructure, and its support of Ethiopian content and content creators. This includes investing heavily in local content as part of the Group’s hyper-local content strategy.
“Our commitment to Ethiopia can be seen throughout our tenure. Unlike many other businesses, we remained in the country since we launched our local operation nearly 30 years ago. We have built a truly Ethiopian business which has delivered solid results for us over the years. The strong foundation we have established through our local business, knowledge and expertise, positions us with a distinct advantage as we seek to unlock opportunities presenting themselves,” says Calvo Mawela, CEO of MultiChoice.
“Ethiopia is open for business and has demonstrated its commitment to supporting businesses from around the world. We will continue to demonstrate our commitment to Ethiopia through the development of local skills and industries, and through exciting plans for content that speaks to Ethiopians in their own voice.”