Royal Bafokeng Matrix – a part of Royal Bafokeng Holding are now part of the newly appointed Free to Air TV station. Royal Bafokeng Matrix are 45% shareholders in Kwesé Free TV. Another shareholder is Moss Mashishi’s Mosong Capital, which has a 35% stake. South Africans will be able to enjoy a new free-to-air terrestrial television service offering five free channels to viewers, after Kwesé Free TV, becomes the first free-to-air terrestrial broadcaster to be licensed in South Africa since received its license 21 years ago.
Communications regulator ICASA announced that Kwesé Free TV, which is 20% owned by Econet Group – the parent of Liquid Telecom, was the successful applicant of the license.

South Africa’s legal framework prevents Econet, a foreign company, from owning more than 20% of the new entity.

The Kwesé Free TV launch is subject to the migration of analogue to digital television in South Africa. ICASA has given Kwesé 24 months to roll out the service, but the company said it is considering going live as soon as possible, and will start with a high-definition sports channel.