JOB CUTS R440m

Finweek English Edition - - In Brief -

The SABC plans to save R440m per an­num by re­trench­ing al­most 1 000 of its per­ma­nent staff mem­bers and by re­duc­ing its free­lance head count. It is also try­ing to get back an­other R60m which was lost to the pub­lic broad­caster due to al­leged ir­reg­u­lar ap­point­ments, salary in­creases and pro­mo­tions. The broad­caster has in­di­cated in a state­ment that the con­tracts of half of its

2 400 free­lancers will not be re­newed. Dur­ing the 2017/18 fi­nan­cial year the broad­caster gen­er­ated rev­enue of R6.6bn and suf­fered a loss of R622m. The salary bill is re­ported to be sit­ting at R3.1bn. Top man­age­ment at the broad­caster has been pur­ported to earn salaries run­ning into mil­lions per an­num. Its con­tro­ver­sial axed CEO Hlaudi

Mot­soe­neng earned close to R3m per an­num. He was fired af­ter be­ing found guilty of bring­ing the SABC into dis­re­pute and caus­ing ir­repara­ble dam­age to his em­ployer.

Hlaudi Mot­soe­neng Axed CEO of the SABC

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