The SABC posts a massive R622-million loss

[Newsfeed]

The SABC posts a massive R622-million loss

The SABC has reported a loss of R622 million for the year ended 31 March 2018, according to a report by Business Day.

This figure is an improvement over the SABC’s restated loss of R1 billion in the previous financial year.

 

[Heisenborg]

The SABC posts a massive R622-million loss

The SABC has reported a loss of R622 million for the year ended 31 March 2018, according to a report by Business Day.

This figure is an improvement over the SABC’s restated loss of R1 billion in the previous financial year.

An improvement. Are u actually kidding me?

 

[TheMightyQuin]

The SABC posts a massive R622-million loss

The SABC has reported a loss of R622 million for the year ended 31 March 2018, according to a report by Business Day.

This figure is an improvement over the SABC’s restated loss of R1 billion in the previous financial year.

Glad I could help.....

 

[AdrianH]

An improvement. Are u actually kidding me?

HAHAHAHA

Watch them get a bailout. Even if you don't pay your TV license, you actually end up paying indirectly!

 

[Neoprod]

An improvement. Are u actually kidding me?

You know how numbers work, right?

 

[Baise]

Financial period ended March and we only see the results now.
The July 2018 figures should be available already

 

[Johnatan56]

He said the migration from analogue to digital terrestrial television was necessary to sustain the broadcaster.

How does this help? Does SABC pay spectrum costs as well? Or is it because they can then move to cheaper infrastructure.

 

[TheMightyQuin]

HAHAHAHA

Watch them get a bailout. Even if you don't pay your TV license, you actually end up paying indirectly!

Then at least I won't be paying twice....

 

[Quicks]

Where is the good old days? where people use to do their jobs and SOE used to make a profit?

 

[TheMightyQuin]

Financial period ended March and we only see the results now.
The July 2018 figures should be available already

Financial audits take time. My company's financial year end is 28 Feb. Our yearly audit only starts July and takes a month or 6 weeks. And we are very small.

Just explaining audits...not on SABC's side.

 

[f2wohf]

How does this help? Does SABC pay spectrum costs as well? Or is it because they can then move to cheaper infrastructure.

Don’t give them ideas, they might start to charge OOB on top of the license!

And I can only imagine SABC OOB billing:
- You don’t have a TV?
- I don’t since 1998.
- We’ll only charge you 12h of OOB per day then.

 

[lexis]

Congratulations with your improved results! Just keep on shifting your schedules around, rebroadcast ancient programs and most important of all stick to the old pal system - 576 pixels rule!

 

[Takkies]

Are they still around? They should have closed this SOE years ago.

 

[Hemi300c]

More local content make it 100% because you cannot afford other decent content.
Viva

 

[d0b33]

The SABC should retrench its fee collecting department. Scrap the TV license. A complete waste of time and money.

 

[AdrianH]

The SABC should retrench its fee collecting department. Scrap the TV license. A complete waste of time and money.

Retrench, never!

It will join the ranks of Eskom and SAA aka South African Employment Agency.

 

[InfidelGastro]

That's not too bad considering how badly it's been run into the ground. Anyway, it's now time to consign the SABC to the history books... after the poor taxpayer has cleaned up it's mess.

 

[justplain]

Truecaller thankfully prevents me from willingly receiving or answering any calls or sms's for their licence fee collection.

 

[Former member 61586]

 

[f2wohf]

So they stemmed the flow of gravy a little.

Now if they could just get the Uzalo viewers to pay their licenses:
SABC 1: Uzalo - number of viewers 9,186,516
That would amount to half their entire annual turnover. The rest can come from advertising.

It is unique viewers or can it be 5 people watching a TV meaning less than 2 million licenses?