The Competition Commission of South Africa has approved a significant transaction in which MultiChoice is set to divest a 60% stake in its insurance subsidiary, NMS Insurance Services (NMSIS), to the renowned insurance and financial services conglomerate, Sanlam. The deal, which carries a hefty price tag of R2.7 billion (equivalent to $155.5 million), is anticipated … Continue reading MultiChoice retains 40% stake in NMSIS after $155.5 million deal gets regulatory nod