SA’s public broadcaster, the SABC announced on Tuesday a net loss of R511-million for the year to March 2020, a 6% decline over the previous year, requiring the continuation of its long-delayed retrenchment process.
The broadcaster, which gets most of its revenue from advertising, has gradually been reducing its operating losses, and after a bruising staff reduction process it was hoping to break even over the next few years.confirmed in an interview that the lockdown process has seriously set back these plans, after advertising, particularly on SABC television stations, got thumped as the country went into Covid-19 lockdown earlier this year.
The SABC’s other income generator has not been going well either. The corporation said that in the 2020 year, He speculated that the reason for the non-payment was essentially because of SA’s broader culture of non-payment. The SABC has asked the regulator Icasa to require satellite television station DStv to collect television licence fees on its behalf, an idea strenuously opposed by DStv.
Why do you put a black face in every negative article you report? ferialhaffajee
So everyday there is a new figure as 2 how much it has lost or losing? Ramaphosa neh
Here is another SAA saga coming. Never learn. Soo immature. All will lose their jobs at the end of the day. Stupidity manifested. Insanity is repeating the same and hope for different results.
Cutting salaries, costs and staff is simply not an option for this useless grotesque parasite (on tax payers). No, they'll remain in the begging and spending mode as long as it's entertained by us tax payers.
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Lol😂 this pathetic anc just cannot do anything. They could not even run down the street..let alone run a company or even a tuck shop. A new word should be invented for just how pathetic they are.