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Steve Pacak, a non-executive director and chair of Naspers’ audit and risk committees, has passed away after a battle with cancer.
It’s looking good for Netflix and bad for Paramount Skydance, as the clock ticks down on a major content deal for DStv in South Africa.
The M-Net founder owns luxury venues, including the Newt in Somerset in the UK and Babylonstoren in the Western Cape, and has been selling equities to help expand the business.
DStv was launched in South Africa 30 years ago and has grown into a continental video entertainment powerhouse.
Cobus Stofberg also helped to fight off one of the most daring “raids” in South African business history.