Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided. The struggling national broadcaster once again got money from the state..
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Bankrupt SABC gets R2.1 billion bailout to continue mismanagement, CEO receives excessive amount of R3.9 million for 9 months of work
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Another one bites the dust – SABC boss flees sinking ship
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SABC chief operating officer Craig van Rooyen resigned. Van Rooyen was also involved in the executive technology department of the SABC. His reasons are stated as personal and family matters. However, Van Rooyen is convinced that the SABC will overcome its problems and the council of the SABC has indicated that they are very sorry..
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When the SABC can’t even broadcast local soccer, then you know its doomed
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The SABC and South Africa’s Premier Soccer League have confirmed the national broadcaster will not show Absa Premiership matches. As reported by News24, the new season of the Absa Premiership started today at 15:00 – with the SABC not showing the first match. The PSL said that the nation may have to “accept that the..
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SABC a sinking ship in a tide of debt – Need R3.2bn bailout to stay afloat
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Faced with an unenviable choice last month – either cough up to service its eight-figure municipality account, or settle the salary bill, the SABC took the high road and paid its staff. And while the lights are still on in Auckland Park, for now, anyway, the broadcaster is desperately hoping a R3.2bn government guarantee will..
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The SABC is on the brink of a total blackout – crippling debt and lack of relieve funding will force the state entity to cut its national broadcast
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The SABC is in danger of experiencing a total broadcasting blackout due to its crippling debt and lack of relief funding, according to a report in the Sunday Times. Speaking in an interview with the Sunday Times, SABC CEO Madoda Mxakwe said the public broadcaster is not able to pay its creditors and while the..
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SABC treading on thin ice – SCOPA chases SABC away after the state entity could not provide necessary information about unlawful expenses of R4,9 billion
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Scopa, the parliament’s standing committee for public accounts, chased the team of the SABC away because of the fact that no information could be provided about R4.9 billion unlawful expenses. According to Scopa, the national broadcaster does not have the will or ability to prevent the theft in the entity. The SABC was again given..
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This is the reason why SABC is bankrupt and taxpayers likely to pay more towards TV-licenses in future- Top 3 executives earn packages of more than R12m
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Minister of communication Nomvula Mokonyane revealed on Thursday that the total cost to company of the top three executives at the SABC was R12.1-million. The chief executive officer earns a remuneration package of R 5.1-million‚ the chief operations officer earns R4-million and the chief financial officer earns R3-million. These packages‚ however‚ were “significantly less than..
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Is that so? – South Africans not paying TV licenses blamed for collapsing the SABC
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According to Deputy Communications Minister Pinky Kekana, an SABC TV license is great value for money. Deputy Communications Minister Pinky Kekana has called on South Africans to pay their TV licenses in order to save the SABC from complete financial collapse. Kekana made her impassioned plea before Parliament’s communications committee on Tuesday. The Deputy Minister..
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