Give SABC more money, says Minister

They don't need more funding, they need competent, non-corrupt, management.
 
Easy for him to say. These ministers think throwing money at it solves everything. Is this how he is gonna deal with Telkom as well?
 
waynegohl said:
i already gave my share.
Click to expand...

Me too.

Not the brightest, most innovative response to the problem from our new minister.

Got a Problem? Throw tax payers money at it. Now, let's have lunch. Pass the Beluga.
 
How does this work?
80% = Advertising.
17% = TV Licenses.
Remainder = 3%

So, SABC are in ***, so they demand 2 billion rand.

Bailout = R2,000,000,000.

Lets say advertising revenue dropped substantially :: 50%.
TV Licensing stayed the same :: 17%

That leaves a total deficit of 50% + 17% = 67% - 100% = 33%

So .. It's reasonable to believe that the BAIL-OUT is for the 33%.
And, we know know that to cover that 33%, they need 2 billion rand.
So, each percent of operational cost shortfall is 2 billion / 33 = R60,606,060 (1 percent point)

Therefore, it's also reasonable to believe that 67% is normal operation.
So, R60,606,060 multiply by the 67% is R4,060,606,060

So, the 2 billion bailout + the 4 billion existing operating expendature is 6 billion rand.

So, the question now remains.
Does SABC's operating cost sit at 6 billion rand a year?

REALLY?
 
You also have to wonder WHY advertising revenue dropped substantially ...

Could it perhaps be that the advertisers have realised that they are not actually reaching their specific market on SABC?

Because, if this is true, then next year there's going to be another bail-out .. this time .. who knows how much.

I don't appreciate my tax money going to the funding of a black-hole.
 
davemc said:
You also have to wonder WHY advertising revenue dropped substantially ...

Could it perhaps be that the advertisers have realised that they are not actually reaching their specific market on SABC?

Because, if this is true, then next year there's going to be another bail-out .. this time .. who knows how much.

I don't appreciate my tax money going to the funding of a black-hole.
Click to expand...

Advertising revenue dropped off for the same reason that every other sector of the economy is hemorrhaging money at the moment. We're in a recession... In many instances companies cannot afford to pay for their advertising, regardless of whether it's been broadcast or not...
 
enigma243 said:
Advertising revenue dropped off for the same reason that every other sector of the economy is hemorrhaging money at the moment. We're in a recession... In many instances companies cannot afford to pay for their advertising, regardless of whether it's been broadcast or not...
Click to expand...

no really... it's because they suck! Honestly.

Got nothing to do with the recession. Our business have actually increased sales in the last year.
 
Garyvdh said:
no really... it's because they suck! Honestly.

Got nothing to do with the recession. Our business have actually increased sales in the last year.
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Well, yes... erm... they do suck as well, but you can count yourself lucky that you are in such a fortunate position.

I can't help but have a degree of sympathy for the SABC though - they've got a mandate that is neigh on impossible to fulfill. They're the public broadcaster which, by implication, means they have to satisfy a country with 11 official languages inhabited by clots who don't pay their TV licenses because 'I only watch DSTV'.

Of course, they're not being helped by having their board made up of ANC cronies with delusions of grandeur...
 
the bbc has advertisements, just not during the show itself.

same for sky movies, sky premiere, sky sports etc.
 
R2b bailout: surely a request for increased funding should be accompanied by greater responsibility, proper accounting, LESS partying and ZERO payment to corrupt cadres!!
 
I wish I could see where all that money went? So is there some way perhaps to demand them to show us?2bill is enough cash to buy every one food and a house and who knows what for years. Sabc pays for the biggest junk ever. Tv should not be like sabc. The gov should only show news and sport. The rest of the junk they can hold a national sms vote or some thing for the shows. You can only vote for the shows if you are paying to watch tv? Why do the anc frack our money way like this? Why? What can we do?
 
werner said:
the bbc has advertisements, just not during the show itself.

same for sky movies, sky premiere, sky sports etc.
Click to expand...

Nope the BBC is not allowed to advertise due to being funded by the UK government. (TV licenses)

Sky is not funded by the the UK GVT so they can advertise all they want ;)
 
*facepalm*

Dear Mr Minister

If my hard-earned money is taken by the tax collector, and is used to prop-up the SABC, then I will view it as my right to watch television without a licence as I've already paid the SABC indirectly.

Regards

PO Citizen
 
davemc said:
Bailout = R2,000,000,000.
Click to expand...
It doesn't surprise me that they are in a bit of a financial mess.
They probably watched too much of the maths learning channel where they use a decimal comma for all their on-screen calculations.

According to that the bailout amounts to the grand sum of R2 although the trailing zero don't make much sense.
 
Oh, great idea, lets pour more money into the vortex called sabc, that will ensure the new board members can splurge out on mercs, gold taps, armani suits and really small celery phones..... we could spend that money on our doctors and hospitals, but nope, we will keep on propping up sabcsaurus rex.
 
@risingtide : LOL. I did catch that on one of the learning programs.
Which ... incidentally only air when school-goers are at school or in bed.

Go figure. :confused:
 
:eek:
Now I know why I don't own a TV. But I am curious.... will they now force you to buy a TV license when you buy a LCD Screen?
 
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