The Johannesburg Stock Exchange (JSE) has welcomed global media and entertainment company CANAL+ to its Main Board through a secondary listing, marking the first time a French company has listed on the exchange.
The listing is seen as a major boost for South Africa’s capital markets and further strengthens financial ties between Africa and Europe. CANAL+ now becomes the only global media and entertainment company listed on the JSE, giving South African investors direct exposure to the company’s international operations and African growth strategy.
CANAL+, which first listed on the London Stock Exchange in December 2024, operates in more than 70 countries and serves over 40 million subscribers worldwide. The company has more than 23 million subscribers across over 40 African countries, where it has operated for more than three decades.
CEO Maxime Saada described the listing as a reflection of the company’s confidence in Africa’s future and creative industries. He said the dual listing reinforces CANAL+’s ambition to act as a bridge between Europe and Africa while expanding its footprint in high-growth African markets.
JSE Group CEO Valdene Reddy said the listing highlights the growing internationalisation of African capital markets and underscores the JSE’s position as a gateway for global investors seeking opportunities on the continent.
The JSE noted that recent regulatory improvements, including enhancements to its fast-track secondary listing process, helped facilitate CANAL+’s inward listing while maintaining its primary listing in London.
Following the CANAL+ listing, the JSE now hosts 263 listed companies with a combined market capitalisation of more than R25.2 trillion.
