Thu 08 Oct 2015, 10:00
Please be advised that MultiChoice Africa’s DStv subscription price for all bouquets will be adjusted effective 8 November 2015.
The increase is necessitated by fluctuating foreign exchange rate changes. The price adjustment is therefore necessary given that the costs of the provision of DStv 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 1 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 US$ to Kwacha exchange rate depreciation 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.
Zambia’s DStv subscription price will increase as follows:
We remain most grateful for your continued support and we will ensure to provide best service in Video entertainment.