According to the estimates of national expenditure released during the Budget, the troubled public broadcaster is estimated to suffer a loss of R604.8m in the financial year ending on March 31. This will decrease to R302.3m in 2020/21.
National Treasury has admitted that the SABC has experienced significant financial challenges over the past three financial years due to a decrease in viewership, listenership and revenue, and projects deficits of R302m in 2020/21, R194m in 2021/22 and R446m in 2022/23. An amount of R3.2bn has been allocated to the SABC for the strategy and it plans to spend R2bn on buying rights for all sporting codes of national interest.
Something is very wrong with our SOEs
Is there anything state owned that isn't stuffed?
How can you be so deep in dept yet you've broadcast so much crap all these years? 🤔
Is this still Hlaudi's fault?
And who sits with the money?
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