CANAL+ Lists on the Johannesburg Stock Exchange

What Happened?

In early 2025, CANAL+ became the first French company to join the Johannesburg Stock Exchange (JSE). It did this through a “secondary listing,” which means it kept its existing listing on the London Stock Exchange and added a new one on the JSE.

Why the JSE?

Fast‑Track Process

The JSE offers a fast‑track system for companies that already list elsewhere. This lets them add a secondary listing quickly while still meeting the exchange’s rules on transparency and investor protection.

Building Bridges

By listing in Johannesburg, CANAL+ strengthens ties between European and African capital markets. It also shows confidence in Africa’s growing economy.

Who Is CANAL+?

Global Reach

CANAL+ operates in more than 70 countries, employs about 15,000 people, and serves over 40 million subscribers worldwide. Its yearly sales are around 9 billion euros.

Strong Presence in Africa

The group has been active in Africa for over 30 years. Today it reaches 23 million subscribers in more than 40 countries and offers content in over 50 languages.

European Market

In Europe, CANAL+ has more than 18 million subscribers across 12 countries and holds leading positions in several markets.

What the Leaders Say

CEO Maxime Saada

“Joining the Johannesburg Stock Exchange is an expression of our ambitions and demonstrates our belief in the future of Africa and its creative industries,” said Maxime Saada. He added that the dual listing makes CANAL+ a stronger bridge between Europe and Africa.

JSE Group CEO Valdene Reddy

Valdene Reddy welcomed the move, saying it marks the first French company on the JSE and highlights the growing connection between African and global markets.

What It Means for Investors

Rand‑Denominated Exposure

South African investors can now buy CANAL+ shares in rand, giving them direct, local‑currency access to a major global media and entertainment group.

Broader Investor Base

The listing also helps CANAL+ reach more investors on the continent, supporting its long‑term growth plans.

Looking Ahead

Growth in Sub‑Saharan Africa

CANAL+ plans to expand further in sub‑Saharan Africa, where rising internet use, a young population, and demand for local and international content continue to drive the media market.

Conclusion

CANAL+’s secondary listing on the JSE is a milestone for both the company and the exchange. It showcases the deepening links between Europe and Africa, offers local investors a new way to diversify, and highlights the JSE’s role as a gateway for international firms seeking growth in Africa. As the company keeps building its African footprint, the listing could inspire more global businesses to consider Johannesburg as a home for their shares.