SABC can't afford to broadcast Rugby World Cup as sports rights 'extremely expensive' | IOL News

Briefing the communication portfolio committee on Tuesday, SABC chief executive MAdoda Mxakwe said one of the biggest cost drivers for the public broadcaster was the exorbitant cost of sports rights."It has been extremely expensive and has affected our profit and loss statement," Mxakwe said. In the past, three years SABC lost as much as R3.8 billion on monies paid for sports broadcasting rights. If the SABC continued on this trajectory, it would need another R6.

Mxakwe said they have taken a decision not to sign any deal that was not commercially viable for the SABC.In the case of the rugby sports rights, Mxakwe said the price put on table was just exorbitant "Much as we are committed to broadcast sports of national interest we could not allow to get into a deal not commercially viable."

The CEO told the MPs that in the last financial year SABC recorded R483m in losses, which was a huge improvement from R722m the prior year."That is a burden we are expected to carry as the SABC." Mxakwe also said the cost for the rugby rights for television was 28 million US dollars and for radio 60 000 US dollars.He also said the SABC had earlier this year written to Icasa asking for the review in the transparency and the unbundling of the sports rights.

We pay TV licenses and SABC should be demanding DSTV to pay extra fees. There will be no DSTV without TV sets.

Who cares🤣🤣

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