Africa’s biggest pay-TV business Multichoice plans to pay a R2.5-billion dividend two years after leaving its parent of three decades – media and e-commerce group Naspers – and pursuing a listing solo in South Africa. Multichoice CFO Tim Jacobs said on Monday the firm would make its first payment to shareholders in 2020, after the JSE approved Naspers’ plan to spin-off and list the pay-TV company.