CEO of Naspers’ pay-TV steps down - CNBC Africa

CEO of Naspers’ pay-TV steps down

Southern Africa

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Multichoice building. PHOTO: Arc Architects

Greyling has been with Naspers, the South African based multinational media company, for more than 18 years. 

“[Greyling] has been instrumental in building the group’s successful pay-TV businesses across the continent. Under his leadership over the last five years the subscriber base and turnover of the pay-TV businesses more than doubled,” said Naspers in a statement.

The group’s pay-TV revenue for the six months to 30 September 2013 grew by 18 per cent to 17.1 billion rand while their subscriber base increased by a new 560 000 and totalled 7.3 million households in 48 African countries.

(READ MORE: Nasper’s revenue growth boosted by internet business)   

Jim Volkwyn, previous head of the group’s pay-TV segment, will take over the reins from 1 April 2014.

(READ MORE: Koos Bekker steps down as Nasper’s chief)