MultiChoice has announced a price adjustment on DStv and GOtv subscription fees in Zambia effective from 8 November 2015. This is contained in a statement made available to the media. Citing Kwacha weakness, MultiChoice said that the increase is well below the 61% their business is experiencing.
Below is the full statement
MultiChoice has announced a price adjustment on DStv and GOtv subscription fees in Zambia effective from 8 November 2015.
The increase is necessitated by fluctuating foreign exchange rates. The price adjustment is necessary given that the costs of the provision of DStv and GOtv services in Zambia are predominately US dollar based. This is consistent with economic trends in the country with other providers of imported services (whose costs are also US Dollar based) responding similarly.
In determining its price increase MultiChoice takes into account many other factors including, the impact on the subscriber and current inflation.
From 1st April 2015 until now, the Zambian Kwacha has fluctuated from just below K7.7000 to K12.3900 to the US Dollar, averaging a 61% increase. With the price increase being pegged at 30% only, it means MultiChoice’s increase is still well below the inflation rate and that the business has over this time absorbed the foreign exchange difference for the subscriber. As a consequence MultiChoice will not recover the full extent of losses arising from the devaluation of the Kwacha. In keeping with current economic trends, MultiChoice, would also like to advise that it may in the interim have to consider a quarterly review of its pricing.
As the leading video entertainment service provider we strive to continuously improve our services and product offering by providing our subscribers with the best television experience supported by great subscriber management services.
The DStv and GOtv bouquets are available at varying pricing points allowing subscribers flexibility in price and choice without compromising quality or variety.
Thank you. We will stay away from multi- choice!
More money in the pocket.
Kwacha yagwa
Economy yagwa
Water levels yagwa
Employment yagwa
Chagwa agwa
silly ZNBC we would have not depended on this useless sitelite service. We will make our own kick them out of Zambia.. Come next year When Lungu is out we will Innovate zambia
HEHEH ACTION MAN YOU MADE MY DAY THOUGH ITS REALITY
Everything will increase except for salaries. Hard times on the way. Ala mukose…
WE ARE BACK TO DVDS FROM NIGERIA AND HOLLYWOOD AS FILM LOVERS KAYA BA BOLA.
for all i care, they can increase, i have Muvi TV bouquet at 90K and Zuku at 140 total = 230.
DSTV start charging people per channel. if i want Sky news, supersport 3 only why are you forcing and nd creating a bouequet for me. i dont watch bouquets but i watch particular channels. wait in 2 years time you will experience dwindling sucbsriber base and by that time these emerging competitors will have positioned themselves very well to outdo you. ask Airtel and how they lost their number 1 status to MTN. the same is slowly happening to you.
Keep increasing until no one apart from criminals and corrupt government officials can afford. That’s when blind Pf cadres will wake up to reality. Ask your friends if there is a 30 percent increase in SA. Because your latest excuse for not feeding your children is that even ba neighbour is failing to feed his children.
Where can I get MUVI TV decoder in Kitwe
These guys wouldn’t dare do a thing like this, back in msanzi… So they come to Zambia and hike their subs willy nilly!
Okay things have spiraled out of control. So DSTV is now a product for the extremely wealthy.
I’m in love with muvi cinema
I agree with one blogger, charge per channel. DSTV will become useless very soon, watch the space.
On the FULL BOQ, it will now cost K820 in your face.
CK say something else.
We will watch from bars
is Dstv the problem or the useless government that you people voted in?
As it is now most people without alternative power sources have to wait for electricity to watch TV. In other words, due to load shedding the DSTV subscription is only worth 1/3 of its full value for many people.
Multi choice should have been thinking of ways to cushion that for customers in dark Zambia and instead they go for a hike! What thinking is this? The only way is to opt out until power is normalised.
Why can’t Multi choice also reduce when kanga reduces. Am still perplexed cos in Zambia BoZ doesn’t allow things to be charged in dollars why DSTV?
We will keep on paying DSTV. if it’s not DSTV turn it off!!!
Yes charge per channel. Why do you insist on charging for all channels? Multi Choice makes a lot of money in Zambia. 30% is a huge hike. Yes thanks to hopeless ZNBC, a company that has not changed and moved with the times.
STATEMENT FROM MOPANI CEO
PRESIDENT Edgar Lungu knows and understands why we are cutting jobs at Mopani Copper Mine, says Glencore chief executive officer Ivan Glasenberg. Glencore, Mopani Copper Mine’s majority shareholder, has notified the government of its plans to lay off over 3,800 workers, a decision that has resulted from “declining copper prices” on the international market and “high production costs” in the country. But State House recently said Glencore had promised President Lungu a substantial investment in its Zambian operation. However, Glasenberg told African investors at the Financial Times Africa Summit in London on Monday that President Lungu had understood the mining company’s position and knew that retrenchments would be undertaken while some workers would be put…
open letter to company boses.
From 1st April 2015 until now, the Zambian Kwacha has fluctuated from just below K7.7000 to K12.3900 to the US Dollar, averaging a 61% increase. With the price increase being pegged at 30% only, it means employees increase is still well below the inflation rate and that the labour has over this time absorbed the foreign exchange difference for the employer. As a consequence employees will not recover the full extent of losses arising from the devaluation of the Kwacha. In keeping with current economic trends, employees, would also like to advise that it may in the interim have to consider a quarterly review of its labour pricing.
Pick and Choose, pick channels you and your kids like to watch and pay for them! Full bouquet my A$$, who wants to watch all those channels, where do you get the time?
It is just a matter of time everything will be hiked including…………
This what kambwili does not understand, if every thing is being hiked and I am a Miller of maize meal how do I survive without hiking prices of my maize meal? Even if I bought the maize last year.
@Patrick, well put. Unfortunately, he is busy filling his stomach. He is not well fed (read obese) from air, is he?