DSTV to get some competition
TopTV will offer consumers between 25 and 55 local and international channels for prices ranging between R99 and R249, depending on the package chosen.
The biggest draw card, however, will be that subscribers will get to choose which channels they wish to watch from about 25 channels within the bouquets.
ODM has been working on the product for the last four years and have spent R80 million on the venture, hoping to attract 5.5 million of the total 10 million households who currently use free-to-air channels.
The main channel will be Top One and it will be available on the basic bouquet offering a variety of children's programmers, entertainment, series and movies. Four of the basic channels will have Christian-based content and five will feature news as well as the regular SABC1, SABC2, SABC3 and e.tv.
CEO Vino Govender said that market research proved that soccer was the most popular sport in their target market and, as a result, the only two sports channels TopTV will offer will be a soccer channel and an extreme sports channel called Fuel.
"Our competitor has tied up a lot of sporting rights but as soon as they come up again we will definitely bid for them," he said.
Govender also said that TopTV will make use of as much local content as possible, in order to promote the talent of South Africa.
He expects the company to break even in about 36 months - after they reach 380000 subscribers and said that any profits made will be used to develop the service.
Subscribers will be able to use their existing satellite dishes but it's recommended that TopTV's bigger 70-80cm dishes are used in order to ensure "more reliable coverage" during rain and thunderstorms. The prices of the dishes, installation and decoders will only be released closer to the launch date.
Featured Debt counselling – the two sides of the coin
Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?
Travel ban – how to claim for the loss incurred
As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?
How to finance and insure a second-hand vehicle
Buying a second-hand vehicle may suit your budget better than acquiring a new one. But what impact does an older model have on vehicle finance and car insurance? We reached out to specialists in the field to explain what the financial implications are of pursuing a second-hand vehicle.
Reading your loan agreement: look out for this
Many people don’t read their loan agreements. They just sign on the dotted line without realising that they could be signing their lives away. But it’s important to review your loan agreement before and after taking your loan to avoid future setbacks.
Udemy online course for R180
When: Until 27 March 2020
Educate your kids for free with Skills Share
Take advantage of payment holidays from Standard Bank and Nedbank
When: From 1 April to 30 June 2020