Big loss for the SABC

[clickingbuttons]

They have no need to make a profit, SA taxpayer to the rescue soon ( again )

 

[krycor]

They need to sell it

 

[Death_By_Ebola]

Still?

 

[Acid0]

They have no need to make a profit, SA taxpayer to the rescue soon ( again )

The only problem is they use all our taxes everywhere else on the other SOE there is no more money to plugg the holes

 

[SauRoNZA]

Not making a moerse profit I can understand (no SOE should be making a profit) but to make a loss? HOW? How is it possible?

 

[Yskasmetnstoof]

Big loss for the SABC

The South African Broadcasting Corporation (SABC) tabled its 2018/19 annual report in Parliament which revealed a net loss of R482.4 million.

The main contributors to this net loss, the SABC said, were losses incurred on sporting events and interest incurred as a result of the liquidity constraints.

I guess a couple of comrades are round 400 mil richer this Christmas.

 

[Yskasmetnstoof]

Shouldn't sporting events coverage be profitable, with ads and such? Or is it sports few watch, so ads cannot be expensive enough to be profitable?

As I understand it if that Cloudy fool and the corrupt ones at another pay channel did not sink the digital and encrypted move, they could have resold the rugby WC on a pay per view basis and at the same time enabled more fans to see the Boks play ( and lose) and made quite a bit. South Africa, where greed and incompetence meet.

 

[Yskasmetnstoof]

Sell it.
Close it down.
There is no need for it.
Maybe people will start reading again.

You're a huge optimist. They'll drink more. And moer each other.

 

[Baise]

We've known about this for months now. Why is it coming up again ?

 

[ponder]

They need to sell it

What do they have to offer?

 

[BBSA]

The only problem is they use all our taxes everywhere else on the other SOE there is no more money to plugg the holes

There are still plenty of pension money.

 

[BBSA]

Not making a moerse profit I can understand (no SOE should be making a profit) but to make a loss? HOW? How is it possible?

Employ much more people than you need.

 

[SauRoNZA]

Employ much more people than you need.

Oh I do know why or how it's a **** up, just that it should be almost impossible.

 

[D4N]

Sit dit af! Sit dit af!

 

[hackerjargon]

 

[SAguy]

Suckers such as me yeah

 

[Mike Hoxbig]

That's chump change compared to Eskom. Will probably be seen as a success in that light...

 

[eagle2k]

Just buy this TV
No license needed

And it's on promotion now. Better deal on Loot than Takealot

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www.loot.co.za

 

[Sideshow Bob]

Just buy this TV
No license needed

And it's on promotion now. Better deal on Loot than Takealot

Mecer 55S92U 55" UHD LED Smart Panel Monitor (Black)

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www.loot.co.za

Good idea to read this as well

 

[TysonRoux]

Bunch of goons

SABC awarded contracts to non-qualifying bidders - AG

The Auditor-General on Tuesday listed a number of concerns around the South African Broadcasting Corporations (SABC)’s annual financial statements, from irregular expenditure to poor consequence management and contravention of procurement regulations.

ewn.co.za