Ideological Memoirs
February 4, 2025 at 12:02 PM
*Golden Age: Zimbabwe's Human Resource Exports*
-Growing up involves growing pains, to give in to the pains, makes for a difficult adult life. So hold on, and keep moving forward-
Ever wondered about Multichoice, like whom owns it, and what do you need to know about them? As they probably provide you with the programming you are currently watching. Multichoice is the parent company to DStv, the subscription based satelite television service, that offers a range of channels and content to customers across Africa.
In this essay i take it to introduce to you Koos Bekker, and the company Naspers, altogether with the politically thrilling story behind that part of the essay. However the essay sticking to the title, will bring to your awareness, on the remarkable Zimbabwean behind the ingenious Multichoice take over of African entertainment programming.
The assertion behind this essay is; *Rise above individualism, collectivism will achieve us the Zimbabwean dream*
*Reflection*
Since the last time i checked, which was around 2018, till today Naapers remains the most valuable company in Africa. Their market capitalization is reported to be US$34.12 billion, as of January 28, 2025.
Naspers was founded in 1915 by a reported group of Afrikaaner Nationalists, including Jan Christiaan Smuts and Nicolaas Johannes Van Der Merwe. The initial focus of the company was to publish Afrikaans language newspapers and magazines.
It was untill the 1940s, where naturally Naspers aligned themselves with the Afrikaaner Nationalist, National Party/NP. They fully supported and promoted the National Party's ideology and segregationist policies.
At some point in its ownership history, the NP led government held 14% shares in the company. Which later on in the early 90s when 1994 neared, along with a number of other state owned enterprises, Naspers was fully privatized.
The significance of Naspers here in this essay, is that Multichoice is a subsidiary to Naspers. So whom owns Naspers? It is owned by amongst Institutional investors like Pension Funds, Asset Management Companies, as well as Public Shareholders, as it is traded on the Johannesburg Stock Exchange and the London Stock Exchange. The Koos Bekker Family Trust owns a publicly undisclosed significant amount of shares.
Bekker is reportedly a former Broederbond member. This being a secret society that promoted Afrikaaner Nationalism and played a significant role in shaping Apartheid policies. Bekker reportedly acknowledges this history, and expresses regret for his involvement. Now back to business, and fast forward to a time Joseph Hundah comes to light within the Multichoice group.
This Zimbabwean is put at the helm of M-Net as CEO in 2000. He plays such an indelible role in expanding M-net's reach and Influence across Sub-Saharan Africa, that he serves for 8 years in that role before moving to bigger things within the Multichoice group and beyond.
Continue to Part2 [Click View Channel]⬇️
👍
1