SABC claims public mandate is holding them back from profits

SABC leadership has cited its “public mandate” as one of the major contributors to the broadcaster's R411 million loss for the 2015/2016 financial year.

SABC's Acting Chief Executive James Aguma described the public mandate as a burden to financial gains, reports EWN's Gia Nicolaides.

James Aguma said the SABC is like an athlete whose competing against Wayde Van Niekerk and, just before the race begins, is given a 10 kilogram bag of sugar to carry with.

Gia Nicolaides, EWN reporter

Aguma presented the annual report at the broadcaster's headquarters in Auckland Park along with Haludi Motsoeneng, who was controversially appointed as head of corporate affairs this week.

Aguma explained that certain policies had to be implemented due to their public mandate, but did not yield any profit.

Examples he made include, obtaining expensive sport rights and broadcasting in 11 different languages.

Listen to the full conversation from The John Maytham Show (with Africa Melane):

Read More
The Wine Feature: Ken Forrester Wines

The Wine Feature: Ken Forrester Wines

Ken Forrester's philosophy has always been to create a range of handcrafted, individually made wines

Leveraging the power of the sun #BizX

Leveraging the power of the sun #BizX

Northface Solar provides a range of cost effective solar energy and water solutions.

PnP Smart Shopper points will now be earned through weekly discounts

PnP Smart Shopper points will now be earned through weekly discounts

Pick n Pay is tweaking its loyalty card system introducing cash off your bill on items that you buy most frequently.

Latest international series and movies filming in Cape Town

Latest international series and movies filming in Cape Town

Monica Rorvik shares insight into the city's popularity as a filming destination and what this means for the economy.

University and school students working together to break down gender stereotypes

University and school students working together to break down gender stereotypes

Gender and Sex Project says their workshops aim to shift the prescribed idea that gender and sex are one and the same thing.

Here's why Malema's ConCourt bid to impeach President Jacob Zuma won't work

Here's why Malema's ConCourt bid to impeach President Jacob Zuma won't work

Law expert Cathy Powell explains why the bid will not succeed and says getting rid of Zuma lies with Parliament, not the courts.

Popular articles
5 things you should know about Guptas vs Pravin Gordhan

5 things you should know about Guptas vs Pravin Gordhan

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigator Susan Comrie.

Samsung's sexy S8 (best phone ever?) finally launches

Samsung's sexy S8 (best phone ever?) finally launches

The Money Show’s Bruce Whitfield interviews Tech Reporter Aki Anastasiou.

"Zuma's support is waning"

"Zuma's support is waning"

News24 Editor Adriaan Basson provides insightful analysis on President Zuma's 'game' and what might have happened in Cabinet.

Mixed reactions to Motlanthe's eulogy at Ahmed Kathrada's funeral

Mixed reactions to Motlanthe's eulogy at Ahmed Kathrada's funeral

Loud cheers could be heard from the crowds when former president Kgalema Motlanthe read from struggle icon, Kathrada's letter

Police questioning man about death of Mitchells Plain girl

Police questioning man about death of Mitchells Plain girl

11-year-old Stacha Arendse was reported missing on Monday and her body was found on a field after an intensive search on Tuesday.

Gordhan gets standing ovation amid Cabinet reshuffle speculations

Gordhan gets standing ovation amid Cabinet reshuffle speculations

The Cabinet meeting will take place later today after the funeral of struggle veteran Ahmed Kathrada.

[WATCH] Motlanthe ovation as he quotes Kathrada's call for Zuma to step down

[WATCH] Motlanthe ovation as he quotes Kathrada's call for Zuma to step down

As part of his eulogy, former president Kgalema Motlanthe read from a letter Kathrada wrote to President Jacob Zuma last year.

"Jacob Zuma doesn't care about ANC and South Africa"

"Jacob Zuma doesn't care about ANC and South Africa"

Political analyst Prince Mashele says the ANC has to teach President Zuma a lesson if he reshuffles Cabinet to benefit himself.