SABC 'has no choice but to cut jobs'
SABC executives had a tough time in Parliament on Tuesday trying to explain the need for job cuts
The SABC on Tuesday said it remained in a dire financial state and would probably be unable to pay salaries and service providers in the coming months. The broadcaster said it had no choice but to cut jobs to remain viable. SABC executives told MPs the broadcaster needed a cash injection of at least R3bn to stay afloat. However, the Treasury has not acceded to the SABC’s request for yet another government guarantee. The request was submitted more than a year ago, said board chairman Bongumusa Makhathini, who warned the broadcaster could collapse and fail to pay salaries and service providers by March 2019 should the current financial crisis not be addressed urgently. SABC executives had a tough time in Parliament on Tuesday trying to explain the need for job cuts at the troubled public broadcaster. The SABC executives were briefing Parliament’s communications portfolio on the proposed retrenchments. MPs across the political spectrum indicated they were opposed to the planned retrenc...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.