SABC struggles to implement turnaround strategy without government funds - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Government insists that the public broadcaster has to meet a stringent set of conditions before any funding can be released.

The South African Broadcasting Corporation says it is not able to fully implement its turnaround strategy because it has still not received the financial injection it requires from government.before the money can be released. These include identifying initiatives for revenue enhancement, producing separate financial reports for its public and commercial services as well as identifying non-core assets for sale.CEO Madoda Mxakwe says while they are going ahead with efforts to stabilise the organisation’s finances, it will take about two years after they receive the funds for the strategy to be fully implemented.

“Like any strong strategy, what is really needed is the capital injection for it to be successful. We had said earlier on that we developed and implemented the strategies starting last July. So far we’ve been able to ensure that we drive revenue, reduce costs and deal with the inefficiencies in the system. So I would say like any solid turnaround strategy would need at least between 18 to 24 months,” says Mxakwe.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

SABC technically insolvent: CFO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC's Chief Financial Officer Yolande van Biljon says the organisation is technically insolvent.
Fuente: SABC News Online - 🏆 32. / 51 Leer más »

Four killed in Mpumalanga crash - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Four people have died and ten others have sustained injuries after their bakkie overturned on the N4 road near Ngodwana in Mpumalanga.
Fuente: SABC News Online - 🏆 32. / 51 Leer más »

SABC management to appear before Parliament - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.SABC management is due to appear before Parliament on Wednesday morning to brief the public enterprises and communication committee on its financial sustainability.
Fuente: SABC News Online - 🏆 32. / 51 Leer más »

Mboweni releases strategy to grow South Africa's economy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Finance Minister Tito Mboweni has released a strategy to grow the South African economy. The document, titled 'Economic Transformation - Inclusive Growth and Competitiveness', was published on the National Treasury's website on Tuesday.
Fuente: SABC News Online - 🏆 32. / 51 Leer más »