Had the billions not been blown on overpriced sports rights then they would have been blown on overpriced local scripted content or some other commercially unviable venture.
The current populist SABC policies mandate that it overpays for content with little or no regard for returns. It is just another failed experiment in socialist political engineering the losses for which are funded by taxes.
It could only be turned around by trying to follow a commercially viable model. But that completely goes against its socialist politically engineered aims.
It is symptomatic of everything wrong with the state. The state will continue to blindly follow these policies in all spheres as their core charter is based on financially unviable outdated policies which have been proven to fail in every failed state.
Investigating boards of government departments and SOE's for mismanagement is insane since the losses are all a direct result of central government policy.
How does a state mandate failure and then have the gall to launch an investigation when the entity which is guaranteed to fail then fails. These audits, investigations and so forth remain a complete charade until central government adopts policies based on merit and capitalist fundamentals.
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