SABC to retrench almost a third of its workforce

The South African Broadcasting Corporation has issued a statement to its staff informing them of the broadcaster's intention to retrench its workforce.

The public broadcaster is set to start its restructuring plans on Monday evening, in which it said as many as 981 of its approximately 3 400 permanent employees may be let go.

Furthermore, it will terminate the services of half of its 2 400 freelancers. The broadcaster wants the consultation process concluded by 31 January 2019, with retrenchments to take effect on 1 February 2019

If we do not tackle the cost base issue at the SABC we will never be sustainable. A salary wage bill of R3.1 Billion for a R7.2 Billion organisation is not possible. That is almost half of its revenue.

Bongumusa Makhathini - SABC Board Chairperson

From a Sports side perspective, the SABC in the past seven years has lost R2.3 Billion, because they could not comercialise its sport's sites.

Bongumusa Makhathini - SABC Board Chairperson

Take a listen:


This article first appeared on 702 : SABC to retrench almost a third of its workforce


Recommended

by NEWSROOM AI
Read More
Tenants owe City of Cape Town R610m

Tenants owe City of Cape Town R610m

MMC for Human Settlements Malusi Booi says those who cannot afford to pay must approach the city to devise a solution.

Holomisa urges Ramaphosa to conduct workshop for new ministers

Holomisa urges Ramaphosa to conduct workshop for new ministers

UDM leader Bantu Holomisa says ministers pronounce on policy issues that have not been submitted to Cabinet.

SANDF explains why it took a week to deploy troops to Cape Flats

SANDF explains why it took a week to deploy troops to Cape Flats

Secretary of Defence Dr Sam Gulube explains the preparation undertaken before soldiers could be deployed to the area.

'Busisiwe Mkhwebane has nothing against the president'

'Busisiwe Mkhwebane has nothing against the president'

Public protector spokesperson Oupa Sekgalwe says there is a misunderstanding of the law by those advising Cyril Ramaphosa.

'Bafana Bafana game against the Seychelles will not be broadcast on SABC'

'Bafana Bafana game against the Seychelles will not be broadcast on SABC'

Safa Acting CEO Russel Paul says the Bafana Bafana game will be broadcast on Supersport only.

No confirmation if SABC has kicked off its retrenchment process - CWU

No confirmation if SABC has kicked off its retrenchment process - CWU

The Communication Workers Union says it is looking into the matter.

Popular articles
[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

Residents were out on the streets to watch the troops arriving in Manenberg and Hanover Park on Thursday afternoon.

You made a huge mistake downloading FaceApp if your privacy is important to you

You made a huge mistake downloading FaceApp if your privacy is important to you

Washington Post technology columnist Geoffrey A. Fowler did a forensic analysis of the Russia-based app. Check it out.

Woolworths (at R40 a cup!) makes the best takeaway hot chocolate in South Africa

Woolworths (at R40 a cup!) makes the best takeaway hot chocolate in South Africa

Seattle Coffee Company has the worst takeaway hot chocolate in the country, according to, uhm, "research" by Chaos Theory.

Beware 'dodgy' Nadal vs Federer ticket offers

Beware 'dodgy' Nadal vs Federer ticket offers

The Roger Federer Foundation says no ticket platforms are yet in possession of, nor have guaranteed allocation of tickets.

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

[WATCH] Mzansi's Ndlovu Youth Choir headed for AGT's live shows!

The choir that is stealing America's hearts is headed to the next round of America's Got Talent.

How Christo Wiese became the richest in SA, and how it all came crashing down

How Christo Wiese became the richest in SA, and how it all came crashing down

The Money Show’s Bruce Whitfield interviews TJ Strydom, author of “Christo Wiese - Risk And Riches”.

[LISTEN] The truth about life on the Cape Flats...by the people who live there

[LISTEN] The truth about life on the Cape Flats...by the people who live there

Residents living on the crime-ridden Cape Flats share their first-hand experiences of life in 'apartheid's dumping ground'.

Paying off your credit card every month to avoid interest? The banks are sneaky…

Paying off your credit card every month to avoid interest? The banks are sneaky…

Consumer journalist Wendy Knowler warns prudent credit card holders to keep tabs on their banks. In this case, it’s FNB.