Telkom Says Netflix Deal Will Not Be Renewed for Its Smart TV Device

Telkom Says Netflix Deal Will Not Be Renewed for Its Smart TV Device

  • Telkom recently revealed that its deal with Netflix has come to an end and it will not be renewing it
  • The company's Content Executive did not provide specific reasons as to why the deal would not be renewed but it could have something to do with MultiChoice singing one with the US giant
  • Telkom's set-top box will reportedly be announcing other content partnerships in the future, said the company

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JOHANNESBURG - Internet service provider Telkom stated recently that Netflix will not be available on its set-top box from this month. The deal that was made between the two parties came to an end but will not be renewed.

The above came news came in the form of a statement from Telkom's Content Executive Wanda Mkhize who did not specify why the deal would not be renewed. Mkhize did, however, state that future partnerships with other contents would be announced.

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Reports say that MultiChoice signed a deal with both Netflix and Amazon.com to provide their streaming services.

Telkom set-top box, Netflix, no longer available
Telkom revealed that Netflix will no longer be available on it set-top box. Image: Mario Tama and Nadine Hutton/Bloomberg
Source: Getty Images

According to MoneyWeb, Africa is not a large market for streaming video services as there are just a few million subscribers. However, both Netflix and Amazon have targeted the continent for growth in future.

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A report by News24 revealed that streaming giant Netflix has begun to create more South African content such as 'Queen Sono' and 'Blood and Water'. The business also recently designated its first African board member in an attempt to create growth in the continent.

Almost R45b worth of pension funds in SA’s retirement industry lie unclaimed

In other business news, Briefly News recently reported that the cumulative amount of unclaimed pension funds in the South African retirement sector is R44.9 billion. This data comes from the Financial Sector Conduct Authority (FSCA) at the end of 2019.

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The FSCA is currently waiting for 2020 figures which will likely change the above figure. The money is reportedly associated with 4.5 million beneficiaries who have not claimed their funds for various reasons.

In an attempt to track and return the funds to the beneficiaries, in the last five years over R20 billion was paid out to almost 600 000 members. This averages to around R36 978 per member who was paid.

How to find out if money is owed to you

There are various methods to figure out whether or not you fall into the category of the people who have not claimed their funds. Email enquiries, SMS enquiries, using the FSCA website, calling the toll-free number of 0800 203 722, fax submissions or even making your way to the FCSA's offices.

Source: Briefly.co.za

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