The Mercury

Huge SABC loss expected

- Siyabonga Mkhwanazi

THE SABC is expected to announce a R500 million loss when it tables its financials in Parliament amidst a poor performanc­e in the past year.

When the SABC appeared before the portfolio committee on communicat­ions a month ago it refused to disclose to Parliament how much it would lose.

But earlier reports had suggested that unaudited figures had shown a loss of R500 million in the last financial year.

This is on top of the R400millio­n the SABC lost in the previous financial year.

SABC spokesman Kaizer Kganyago said the public broadcaste­r would table its financials in the National Assembly at the end of September. He did not want to be drawn on the financial losses the SABC was expected to incur in the 2015/16 financial year.

“We do not bring out such informatio­n in public until a final report is tabled; it is unprofessi­onal to do so,” he said.

The public would be able to study the financials once the full report had been tabled before Parliament.

The last time the SABC posted a profit was in the 2013/14 financial year with R358 million recorded.

At the August portfolio committee meeting, the ANC blocked an inquiry into the SABC.

It backtracke­d on its decision to support an inquiry into the SABC regarding the firing of eight staff members for challengin­g censorship policies, and the SABC’s blocking of broadcasts of violent protest.

The SABC staff were reinstated except for Vuyo Mvoko, who is appealing against the High Court decision.

The SABC has moved from one crisis to the next over the past 15 years with several chief executives not serving their full terms, leaving amid infighting.

Frans Matlala was a chief executive with one of the shortest stints at the SABC before getting a golden handshake.

He was appointed in July last year but was suspended in November and parted ways with the public broadcaste­r in July this year.

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