Naspers washes its hands of corruption-fingered MultiChoice (which it owns)

The Democratic Alliance has damning evidence, revealing that Naspers-owned MultiChoice sought to pay the public broadcaster R100 million for its 24 hour news channel in exchange for its political influence over digital migration.

Can a holding company distance itself from a subsidiary on a governance issue?

The Money Show’s Bruce Whitfield interviewed David Loxton, a partner at law firm Dentons SA.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Technically, Naspers is correct.

David Loxton, Dentons SA

Holding companies dictate policies… to protect their interests they have representation on the board…

David Loxton, Dentons SA

It’s not that easy for a holding company to say ‘we are two distinct entities’.

David Loxton, Dentons SA

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