🇿🇦 Johannesburg Stock Exchange

Naspers (JSE:NPN) announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new company will be named MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto.

Fitch Ratings has placed the ratings of MTN Group Limited (JSE:MTN, GSE:MTNGH), including the 'BB+' Issuer Default Rating (IDR), on Rating Watch Negative (RWN) following announcements that Nigerian authorities put forward USD10.1 billion of claims to the company related to alleged tax violations and illegal cash repatriations from the country.

Moody's Investors Service ("Moody's") has today placed MTN Group Limited's (JSE:MTN, GSE:MTNGH) Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and the Aa3.za national scale corporate family rating on review for downgrade. Moody's has also placed the Ba1 rating on all the senior unsecured notes issued by MTN (Mauritius) Investments Limited on review for downgrade. 

In a move that will position South Africa's Capital Markets amongst the most sophisticated in global Capital Markets, the JSE, together with National Treasury (NT) and a multi-stakeholder group consisting of Strate, the Financial Sector Conduct Authority (FSCA) and the banking institutions servicing primary dealers, officially launched the electronic trading platform (ETP) for government bonds at the JSE today.