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Statement by Don Eriksson the independent non-executive director the chair of MultiChoice audit and risk committees

The MultiChoice board has read the various media reports alleging that MultiChoice has entered into an irregular relationship for the carriage of the ANN7 channel.  The board is aware that the ANN7 channel has caused real public concern because of the allegations of corruption levelled at the former owners of the channel. 
 
These allegations have negatively impacted the reputation of MultiChoice. The MultiChoice board has therefore instructed its audit and risk committees to: 
 
1. assess whether there has been any corporate governance failures at MultiChoice and report back to the board. Based on what is contained in that report, the MultiChoice board will take the necessary action;
2. assess whether the total amount paid to ANN7 is comparable to payments made for other locally-produced channels with due consideration being given to the estimated costs of running a 24-hour news channel;
3. draw on any expertise and skills necessary in order to fulfil the mandate given by the board. 
 
In addition, Adv Moroka, one of the MultiChoice board members, was requested by the board and has agreed to, assist the audit and risk committees in this matter.