ANC warns SABC to stop jobs bloodbath - Report

Jamie McKane

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ANC warns SABC to stop jobs bloodbath - Report

The South African Broadcasting Corporation (SABC) has been warned by the ANC against proceeding with its planned job cuts, according to a report by the City Press.

The report cited a meeting which took place last week, where high-ranking ANC members reportedly told the SABC that the planned job cuts would embarrass the party and cost it votes in the upcoming election.
 

TEXTILE GUY

Honorary Master
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Oct 4, 2012
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No, yeah, I can see where they are coming from ................. I think its the comedy show on Tuesday night.

The SABC’s liquidity constraints resulted in an increase in Total Liabilities, mainly due to an increase in Trade and Other Payables amounting to R1.6 billion as at 31 March 2019, with creditor payment days nearing 143 days.

The cash on hand as at 31 March 2019 amounted to R 72 million – a decline of R 58 million from the balance of the prior year. During the year under review, the SABC placed extra-ordinary effort in improving its internal controls and ensuring that governance is restored in the organisation.

The Corporation is encouraged by the decline in Irregular Expenditure incurred in the financial year by 41% to R 336 million with most of this irregular expenditure relating to transgressions in previous years.

Although Fruitless and Wasteful Expenditure increased, 63% or R141 million of the amount reported for the 2018/19 financial year related to transactions incurred in prior years. Of the remaining R83 million, R81 million was incurred as a result of interest and penalties due to late payments caused by cash flow constraints.

 

TelkomUseless

Honorary Master
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Mar 13, 2006
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doesn't really matter as the anc can do no wrong in the eyes of their believers.

And that is why we are broke AF. We have natural resources, our jobless number could have been very low. But 26 years later... we are begging for money, **** rating... and nobody (voters) give a crap about the state capture and looting.
 

_TrXtR_

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Jul 11, 2006
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1,116
ANC warns SABC to stop jobs bloodbath - Report

The South African Broadcasting Corporation (SABC) has been warned by the ANC against proceeding with its planned job cuts, according to a report by the City Press.

The report cited a meeting which took place last week, where high-ranking ANC members reportedly told the SABC that the planned job cuts would embarrass the party and cost it votes in the upcoming election.

This equality.

Get retrenchment bitches! feel what its like hahah
 

access

Honorary Master
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Mar 17, 2009
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12,496
screw the country, as long as the anc thinks it looks good. and people argue when you say they manipulate stats. warez mah proove. hur dur.
 

Shadowchaser1

Well-Known Member
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Nov 14, 2018
Messages
452
Jeez, these guys can flog a dead horse for votes. Currently they think people are worried about the SABC. Think again you morons. Apologies they can't think. Glad I left the country.
 

Creag

The Boar's Rock
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May 19, 2009
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41,288
A jobs bloodbath is not necessary, dammit! We can out back into the orchard and harvest all the money we need.
 
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