SABC's finances have shown no real improvement since R3.2 billion bailout

[Daniel Puchert]

South Africans kiss R3.2 billion goodbye

The Auditor-General of South Africa (AGSA) says the South African Broadcasting Corporation's (SABC's) finances have shown no real improvement despite receiving a bailout of R3.2 billion in 2019.

Presenting before the Standing Committee on Public Accounts, AGSA deputy business unit leader Nathan Lawnet highlighted that the public broadcaster has achieved only 52% of its targets for the 2023/24 financial year.

 

[Pegging]

Billionaires should be taxed more to fix this.

 

[Wrath of Khan MD]

yes but all the nannies cars in the parking lot have suddenly been upgraded, along with new designer outfits and Gucci bags

 

[porchrat]

you could give it R3.2 trillion and it wouldn't improve.

 

[aleksandar]

Nobody expected different result, you can not improve it with people that brought it down.

 

[Quicks]

ANC and ANC voters should pay the bill.

 

[supersunbird]

Did they change any behavior when they received the bailout or did they just continue as before?

 

[Paul Kemp]

Did they change any behavior when they received the bailout or did they just continue as before?

It would be extremely rare for any human to change their behaviour unless they bear the consequences of their bad decisions.

 

[Thebigeasy1]

Would of cost us less if we just handed out money to use as toilet paper. ANC wipes it's collective arses with all the money they receive from taxpayers anyway

 

[Mike Hoxbig]

No schit. There's never a plan, it's always just give us more money and we'll fix it...

 

[FiestaST]

https://twitter.com/x/status/1915745060072701959

 

[neoprema]

Anyone who thought that 3.2Bn went into the SABC is either dumb, or naive or all of the above lol...

its been stolen left-right-and-center.

 

[Quicks]

https://twitter.com/x/status/1915745060072701959

I think ANC has proved over and over again. That common sense is not that common, and they don't have any common sense.

 

[Fuzzbox]

BAILOUT means salaries and no need to do any work towards getting SABC profitable.
Ps forgot .
you need to to produce something that people are going to watch.

 

[Sapphiron]

Billionaires should be taxed more to fix this.

I don't think you understand why people say billionaires should be taxed more.

 

[adrianx]

"They" should convert the SABC into a circus.

 

[Jam Sandwich]

Lets give them a chance guys..the country needs the glorious SABC.

 

[AfricanTech]

I'm shocked, I tell ya, shocked!

 

[AfricanTech]

Anyone who thought that 3.2Bn went into the SABC is either dumb, or naive or all of the above lol...

its been stolen left-right-and-center.

You forgot up, down and diagonally.

 

[Pegging]

I don't think you understand why people say billionaires should be taxed more.

I know exactly why dimwit Marxist Bernie Sanders supporters want that.