President Jacob Zuma has authorised the Special Investigating Unit (SIU) to investigate mismanagement and procurement irregularities at the SABC. The SABC is in deep financial trouble and fears are that it could collapse should it fail to get a government guarantee of R1bn. Parliament heard in June that the SABC was expecting to end the 2016-17 financial year with a net loss of R1.1bn. It recorded a loss of R411m in 2015-16, up from R395m the previous year. The broadcaster has also been struggling to meet its obligations, including the payment of service providers. Its huge losses have been attributed partly to axed executive Hlaudi Motsoeneng’s controversial 90% local content policy, which the interim board has since canned. The SIU will investigate the following allegations: • The procurement of‚ or contracting for goods‚ works or services by or on behalf of the SABC from various companies or service providers and payment made in a way that was not fair‚ transparent‚ competitive a...
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