Multichoice to hike DStv prices in April
Huge Price Hike in DSTV Prices in April
The rand being so low right now will impact on the prices that you are going to pay for MultiChoice’s DSTV in April.
The Rand has experienced some serious decline this past year, and the firing of Finance Minister Nhlanhla Nene and the uncertainty that followed after that, made the decline even worse. When President Zuma appointed David Van Rooyen as Finance Minister, the Rand took a very serious knock.
That decline is unfortunately going to impact on MultiChoice and DStv and the prices they charge for the services they offer.
On speaking to MyBroadband, the company said, “We purchase most of our international programming in foreign currency – exchange rates therefore have a big impact on our business.”
Just in 2015 alone,the rand has declined by more than 30% against the dollar, and it has not recovered. In fact, it has gotten worse. In 2016, the Rand hit its lowest ever, at R17.99!
DSTV prices do increase every year, however, this time the increase will be truly felt by the subscribers. Unless the Rand dramatically increases, the DSTV price increase is going to hit the subscribers’ pockets very hard.
“While we continue to ensure that we minimize the impact on our customers, we are constantly reviewing the situation,” MultiChoice said.
The new DSTV prices for 2016 will be announced in late February.