SABC gets R 1 billion bailout

[rpm]

R 1 billion SABC bailout

The SABC will receive a bailout of over R1 billion, Communications Minister Siphiwe Nyanda said on Tuesday.

 

[semiautomatix]

So, what would you prefer? A house of another k*k local produced soapie in your shack?

Honestly the masses are so ignorant! The ANC knows this and will spend anything to save face, even at the expense of those they've sworn to protect.

 

[ToxicBunny]

Fsck that.

Thats pretty much ALL i can say to that decision....

 

[Mila]

the wheels of the gravy trian goes round and round, round and round

 

[semiautomatix]

the wheels of the gravy trian goes round and round, round and round

The politicians on the gravy train go obfuscate and obfuscate, all day long.

Quis custodiet et custodias?

 

[DVD007]

That's nice, I overspent my budget last month on drugs & cars, can I also get a bailout?

 

[Mercurious]

Reward those who fail with bailouts. I like it.

 

[Morgoth]

good decision, I cant imagine a day without Riaan Cruywagen

 

[Necuno]

obivously one must keep your mouth piece alive hence the bailout.

 

[GuileX]

i wish i had his position to feel how it feels to ****up like that.

another good one nyanda jou donners etter

 

[EtienneK]

WTF?! Do the TAX payers (who are funding this) not get a vote?!

This is absurd! E-TV made a profit this year. WTF can't SABC make one without a bailout?!?! (That was a retorical question!!)

I am really pissed off by this!

 

[Potholed]

Just in time for Xmas Bonuses, Nice one

 

[bekdik]

awe comeon guys, the management NEED their xmas bonuses because it's the right thing to do ...

 

[Mars]

bleh, bugrit.

 

[Curtix2]

Reward those who fail with bailouts. I like it.

They do it in the US - might as well do it here right!

 

[Lucas Buck]

"Through newly introduced tight control measures that include regular management reports, the shareholder will ensure that the money given to the public broadcaster is utilised properly and to settle urgent outstanding financial obligations," the statement read.

The remaining R473 million would be subject to the broadcaster presenting a plan with clear revenue targets and cost cutting measures, to enable effective oversight and monitoring.

The scary thing is that those things that I highlighted in bold are only being put in place now.

 

[ponder]

WTF?! Do the TAX payers (who are funding this) not get a vote?!

No, it's the old wet vran transvaal, kuk en betaal.

 

[werner]

content removed

 

[Creag]

Nyanda thanked Gordhan and the SABC board for their work.

"The SABC is a national asset that needs to be guarded with jealousy by those put in charge of looking after it on behalf of all South Africans."

- 1,000,000

Democratic Alliance spokesman on communication, Niekie van den Berg, condemned the bailout, saying it brought the amount of assistance to state-owned entities to R243 billion for the last four years.

"The public should not have to pay for this. Those responsible must be brought to book," he said.

+ 1,000,000

But somehow those responsible for sucking me as taxpayer dry will get away scot-free!

R 243 bn ... that's approximately R 1,350 of taxpayers money wasted each year (if me maths is not too off at 00h00)

I feel really sick just thinking about it

 

[DreamKing]

SABC should sell some of their assets and try to cut costs before bailout ...........

IT IS MY MONEY!