SABC expected to report R1 billion profit in 2026/27

[mylesillidge]

SABC has a plan to turn R1-billion annual profit

The South African Broadcasting Corporation (SABC) expects to report a nearly R1-billion profit in 2026/27, the National Treasury revealed in its Budget Review document.

The public broadcaster has been loss-making since the 2014/15 financial year, and in its latest annual report, it recorded a loss before interest and tax of R192 million.

 

[UrBaN963]

No.

The only people who make use of SABC services are the people who pay neither taxes nor TV Licenses.

 

[TelkomUseless]

Iran money ? Where does the billion come from ?

 

[chrisc]

Really? Such a miraculous turn-around must be the subject of a new book on economics. Hope I can get a first edition signed copy

How can an institution possibly be paying tax with a R192m loss? Is this creative accounting at its best?

 

[Kornhub]

No.

The only people who make use of SABC services are the people who neither pay taxes nor TV Licenses.

No wonder you love the SABC

 

[thestaggy]

The report will be presented by Mahatma Ghandi, Charlemagne and Steve Irwin to tremendous applause.

 

[ShaunSA]

That reminds me. Wtf is @Pineapple Smurf?

 

[UrBaN963]

No wonder you love the SABC

I pay taxes! Not TV license though, screw those useless clowns.

 

[borro]

Salaries will be paid.

 

[VegOtter]

I want whatever these clowns are smoking, because that must be some potent stuff. Maybe they managed to figure out how to roll up hopes and dreams into a joint.

 

[ToxicBunny]

SABC has a plan to turn R1-billion annual profit

The South African Broadcasting Corporation (SABC) expects to report a nearly R1-billion profit in 2026/27, the National Treasury revealed in its Budget Review document.

The public broadcaster has been loss-making since the 2014/15 financial year, and in its latest annual report, it recorded a loss before interest and tax of R192 million.

Then they clearly don't need the license fees.

 

[mypetcow]

For a second there I thought I read the post office. This sounds completely reasonable with the SABC.

 

[FiestaST]

https://twitter.com/x/status/1900475628173795521

 

[neoprema]

SABC has a plan to turn R1-billion annual profit

The South African Broadcasting Corporation (SABC) expects to report a nearly R1-billion profit in 2026/27, the National Treasury revealed in its Budget Review document.

The public broadcaster has been loss-making since the 2014/15 financial year, and in its latest annual report, it recorded a loss before interest and tax of R192 million.

you spelled "steal" wrong.

 

[freematrix]

So i really don't need to pay for TV license now. Thank you

 

[Benedict A55h0le not]

Only 1 billion? Why not a 1000 trillion gazillion?

 

[Hemi300c]

Yeah right..............

 

[rh1]

Levies on streaming services.

 

[Benedict A55h0le not]

Levies on streaming services.

Household levy latched onto the rates and taxes bill.

 

[satanboy]