Can Mass Retrenchments Save South Africa's Penniless Broadcaster?
The SABC will let go of 981 of their 3,377 permanent employees and 1,200 of the 2,400 freelance journalists. "We are technically insolvent as an organisation and are not able to fulfil our financial obligations," said SABC group CEO Madoda Mxakwe at the broadcaster's press conference held at their Auckland Park offices.
Daily Maverick, 31 October 2018
It has been a difficult road for the South African Broadcast Corporation (SABC) after years of maladministration, censorship and corruption, and it continues to be a rocky journey… Read more »
- Publication Date:
- 31 October 2018
SABC CEO, Madoda Mxakwe, says the public broadcaster is technically insolvent and unable to fulfill its financial obligations. He was speaking on the ... see more »
SABC offices in Sea Point, Cape Town (file photo).