SABC reports annual loss of R1.13 billion - Auditor General gives worst possible opinion

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SABC reports R1.13 billion loss

The SABC tabled its 2022/2023 annual report in Parliament on Friday, 29 September 2023, revealing a loss of R1.13 billion.

The loss is R949 million more than the public broadcaster recorded in the previous financial year and appears to be the worst in the SABC's history, at least since the start of the century.
 
Dont worry, AnC is going to tax SABC problems away, the same way RAF problems dont exist, and why SANRAL revenues are stable.
 
This is worse than a qualified audit or even an adverse opinion from the Auditor General...
 
31 March is their year end. It has been 6 month since year end. Chances are highly likely it has gotten significantly worse.
 
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How hard must they be looting to lose a BILLION in a year, when you're running around with cameras and playing video clips, airing either local kak shows or ancient reruns that no one wants to watch?
 
“This is as a result of revenue that was 7.9% less than 2021/22 financial year and 27% less than budget.”
Let's say 2021/22 was 100% revenue.
Then: 2022/23 was 92.1% revenue and
2022/23 budget was 126% revenue.

How did they figure revenue would improve by 26% from 2021/22 to 2022/23?
 
Hopefully if they make it a tax the programming will improve and they might be able to compete with dstv wrt world cup sports
No it wont.
They will employ more incompetent trough sniffers.
The SABC will never compete against anyone ever again.
 
That's very impressive, people do not appreciate the effort required to achieve such losses. Well done ANC
 
The inability to successfully monetise sport properties and other content
What sport properties was the SABC incapable of smoking?

Does "sport properties" mean rebroadcast rights for local sport matches that the SABC recorded, otherwise WTF does it mean?

The SABC should rework snippets from the Zondo Commission into a Coruption Soapie, I'm sure that would be popular and advertisers would love that.
 
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