The South African Broadcasting Corporation has reported a R977 million loss after tax for the 2016/17 financial year.
The public broadcaster tabled its annual report in Parliament this week.
Its net loss for the year ending March 2017 more than doubled from R412m in 2016.
Television critic Thinus Ferreira gives his take on the matter.
It shows what dire straits South Africa's public broadcaster is in.— Thinus Ferreira, Tv critic
It is almost as if it is on this hyperbolic curve toward self-destruction.— Thinus Ferreira, Tv critic
The SABC has cited the rising cost in sports rights as a reason for the loss of revenue.
Ferreira disputes this.
They are lying, the irony is that the SABC has actually defaulted on doing what it is supposed to do for it's public service, for showing sport. It is constantly sending out press releases saying it does not have this soccer or tennis match, so it is laughable to say sports rights.— Thinus Ferreira, Tv critic
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This article first appeared on 702 : [LISTEN] SABC posts a R977 million loss