MultiChoice, the owner of DStv, has announced that Elias Masilela, a board member and former CEO of the Public Investment Corporation (PIC), will become the company’s chairperson starting from April 1, 2024.
- Masilela, an independent non-executive board member, has extensive experience in the financial sector, having previously held positions at Sanlam and the National Treasury.
- He has also served as the chair of Ingagaru Property Investments and Sanlam, and as a board member of the South African Reserve Bank and Government Employees Pension Fund.
- Masilela will replace Imtiaz Patel, who will step down as chairperson at the end of March 2024. Patel will continue to support the group in a consulting capacity until October 2028, focusing on areas such as Showmax and SuperSport.
- The appointment of Masilela as an independent chairperson aligns with the company’s commitment to good corporate governance and independence in its leadership structure.