Audio By Carbonatix
The South Africa Broadcasting Corporation (SABC) is said to be planning to shed hundreds of 'unnecessary costs' from it employee payroll soon - in-line with the dictates of its new operating model being implemented by the organisation.
Madoda Mxakwe, the CEO of SABC has said the new operating model would help "ensure the long-term existence of a resilient and sustainable public broadcaster in South Africa".
According to reporting from the South African 'Sunday World' the South African public service broadcaster is looking to reduce its staff bill by up to ZAR700 million (US$40million).
The coronavirus pandemic has adversely impacted the revenues of most broadcasters, and the SABC has not been spared. With its revenues dissipated, Kate Skinner - the executive director of South African National Editors' Forum) says the SABC is now forced to put staff reduction on the table to 'address its financial situation'.
The SABC, although haven receiving a large dollop of financial bailout - up to ZAR3.2 million ($185million) - from the South African government, says it is allocating those funds to tackle three key priorities such as paying off creditors, investing in content and maintaining its critical broadcast equipment and infrastructure.
Latest Stories
-
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
1 hour -
Two dead in 50-vehicle pile up on Japan highway
1 hour -
Fearing deportation, Hondurans in the US send more cash home than ever before
1 hour -
New York blanketed in snow, sparking travel chaos
2 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
5 hours -
Nigeria reach AFCON last 16 despite Tunisia fightback
6 hours -
‘He just needed more time’ – Wirtz finally breaks Liverpool duck
6 hours -
Arsenal in ‘survival’ mode as ‘sensational’ Raya save keeps them top
6 hours -
‘Wizkid is my boy, I accommodated him years ago’ – American rapper, WaleÂ
6 hours -
[Video] ‘I don stop to dey give belle anyhow’ – 2Baba confessesÂ
6 hours -
‘No artist is wack, every music is tailor-made’ – 2Baba
6 hours -
[Video]Timaya falls on stage while trying to lift plus-sized woman during performance
7 hours -
Family cremates wrong body after hospital mistake in Scotland
7 hours -
Kennedy Center seeks $1m from musician who cancelled after Trump name added to venue
7 hours -
Nine arrested in Italy for allegedly raising millions for Hamas
7 hours
