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.