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BusinessLive reports that on Wednesday MultiChoice advised that it has invested R50m to create 500 new jobs for young people.
The DStv operator said it had created the employment programme through a partnership with the Youth Employment Service (YES), which has resulted in 400 jobs and another 100 sports coaching learnerships through its Let’s Play initiative. “The two partnerships equate to a total investment of R50m,” the company indicated. YES is a business-led collaboration with the government to create work opportunities for unemployed black South Africans between the ages of 18 and 35 years. The pandemic has brought mixed fortunes to MultiChoice because people staying at home has meant more people watching video content, but the lockdown has also meant a halt in film and television productions, as well as sport. The group had committed R80m towards salaries and wages for cast, crew and creatives affected by the nationwide lockdown, for the months of March and April. The company is moreover in a good place financially to weather the storm, having recorded about R6.9bn in cash at the half-year, which is likely to be used to fund all of these initiatives.
- Read the full original of the report in the above regard by Mudiwa Gavaza at BusinessLive
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