Eish: SABC loses R511m, Hlaudi trends as Mzansi reacts to loss

Eish: SABC loses R511m, Hlaudi trends as Mzansi reacts to loss

- The SABC is in dire financial straits and has resorted to retrenching staff to stay afloat

- Staff members have threatened a "blackout" if the retrenchments are not reversed

- Management has agreed to backtrack on retrenchments but unions want assurances

- Many South Africans believe that the SABC was better off under Hlaudi Motsoeneng

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The embattled state broadcaster, SABC has reported a R511 million loss for the financial year 2019/2020. This was greater than the previous year's loss which sat at R482.4 million.

The SABC had less liquidity this year with R72 million at the ready which was R58 million less than 2018/19.

A 12% year-on-year revenue loss has added to the broadcaster's woes, ad advertising income dropped across all of its platforms.

SABC board chairman Bongumusa Makhathini was upbeat and believed that the leadership were steering the state-owned-enterprise in the right direction.

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Staff members and the public have reacted with dismay as the SABC reported that it would have to cut its workforce.

Workers have entered urgent talk with management as job losses loomed on the horizon. Demoralised workers have threatened the SABC with a blackout which could further jeopardise the broadcaster.

With Christmas just around the corner, workers are desperate to keep their jobs as many employees have received letters informing them that they are being retrenched, from newsreaders, office administrators and managers.

The leadership are backtracking on retrenchment notices in the face of a potential blackout and have said that the retrenchment can be reversed according to News24.

The Communications Workers Union spokesperson, Aubrey Tshabalala has said that unions will demand something more tangible from the SABC.

"As a union, we would be filing a notice to strike as required by the law. We see Magopeni's retraction as a sign of bowing to pressure and we won't be surprised if they turn around and say the decision to withdraw notices is invalid," she said.

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South Africans reacted in dismay, with Hlaudi Motsoeneng's ma,e being invoked in Tweets reacting to the situation.

Hlaudi Motsoeneng has been hailed as a hero by some for his bold strategies.
Quite a few people think that the SABC was better off under Hlaudi Motsoeneng. Photo credit: Facebook/Hlaudi Motsoeneng
Source: Facebook

Earlier, Briefly.co.za reported that soccer fans have been left out in the cold by SABC after the broadcaster confirmed that the much-anticipated clash between Bafana Bafana and Sao Tome and Principe would no be broadcast.

They were due to face the team in the fourth AFCON Qualifier today but fans were unable to watch the match played at the Nelson Mandela Bay stadium in Port Elizabeth.

SABC is out of pocket and cannot afford to broadcast the game under the previous agreement with CAF and have been unsuccessful in negotiating a contract they can afford.

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Source: Briefly News

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