DSTV announces substantial price hike
Shortly after Eskom was granted a 9,4% increase, DSTV announced that they too will dig deeper into consumers' pockets.
The price of DStv’s most popular bouquets will rise by between 8% and 10% on April 1 2016, with parent MultiChoice blaming the sharp devaluation in the value of the rand over the past 12 months for the above-inflation increases.
Also read: Nersa approves Eskom tariff increase
According to DStv, “We buy most of [our] fantastic content in foreign currency, and due to the depreciation of the rand by 29% since April 2015, our costs have gone up dramatically. Over the past five years, our adjustments have been in line with inflation. We’ve worked really hard to keep this year’s fees manageable.” Read more about the reasons for the DStv increase on Moneyweb.
The increases will be as follow:
Subscribers were quick to react on social media and the topic was quickly trending as news spread of the increase.
