South African Broadcasting Corporation (SABC) acting chief executive James Aguma has admitted the public broadcaster is in a financial crisis.
In an interview with The Star on Tuesday Aguma says gross political interference is to blame for the broadcaster’s financial slump.
While he has reassured the publication that the SABC will still be able to pay about R200 million in staff salaries at the end of the month, Aguma said advertising and sponsorship revenue is down due to a downturn in the global economy.
Save Our SABC co-ordinator, Duduetsang Makuse says the argument of political interference is not the only contributing factor.
The fact that they get such bloated salaries at the executive level, bonuses that are being paid out, malfunctions in HR practices that have led to an oversized wage bill which we now have to deal with.— Duduetsang Makuse, Save Our SABC Coordinator
Suddenly we have political interference in the finances of the SABC. Surely we all see that this is something that has been accumulating for a while.— Duduetsang Makuse, Save Our SABC Coordinator
Listen to the full interview below:
This article first appeared on 702 : 'Political interference is not the only factor in SABC financial meltdown'