Cash-strapped SABC needs R3bn to stay on air

SABC board chair Bongumusa Makhathini says that about 70 percent of SABC's revenue went to wages. Courtesy #DStv403

CAPE TOWN - At least R3-billion is what the SABC needs to stay on air and to prevent it from complete collapse.

However, with R1.2-billion in debt and a wage bill of R3.1-billion, that may not be enough and before entertaining a bailout and mass retrenchments, members of parliament first want answers on the SABC’s R4.9-billion in wasteful and fruitless expenditure.

READ: SABC management meets with labour in first consultation meeting

MPs have given the board a week to put together a list of people responsible for irregular expenditure.

That will be followed by a meeting between the communications ministry and Treasury to work out where the rands and cents to save the SABC will come from. 

eNCA reporter Pheladi Sethusa has more in the video above

 

Source
eNCA