SABC loses R910 million: Report

Following the example set by Escom, the SABC top brass can now expect a Christmas bonus of approx 4 Million each? Oh how big was the golden parachute for the CEO that crashed SAA into the ground? I hope that I don’t come over to bitter?

PS how much was spend on parties etc?
 
Crazy that they managed to broadcast 3 channels of rubbish and still lose cash.
 
I'd love to know how these idiots just "lose" millions...

Oh yes...

"The very public and sustained battles at a leadership level, for example, undoubtedly also contributed towards inadequate management of revenue and expenditure."

...

External auditors gave the SABC a qualified report saying: "The director's report gives details of the auditor general's special investigation on procurement, fruitless and wasteful expenditure and non-compliance with company policies and indicates that the interim board is in the process of taking the appropriate action in relation to the allegations... In the meanwhile, we are unable to determine whether the various allegations and other matters that are still being investigated have an impact on the financial position.... as disclosed in the financial statements. We are also unable to determine whether the disclosure of fruitless and wasteful and irregular expenditure is complete..."

"There are no quick fixes to a crisis of this magnitude."
Click to expand...

There's no fix...
 
And the NP government of pre-1994 made it look all so easy...... LOL. Just like those magic machines called ATMs which simply print money for free.

No worries Comrades. There's more cash where this came from - it's called TAX and we can always NATIONALISE! Yes, we can.
 
Where's my cheque book, 'cause I reckon they're going to be calling on Mr & Mrs Taxpayer to bail out their corrupt, incompetent, idiotic, wasteful, uselessness :mad:

/swigs a dram out of hip flask
/calms down :p
 
Sooner or later us taxpayers are going to refuse to give the ANC any more money (tax money).
And, that decision is already justified.
 
davemc said:
Sooner or later us taxpayers are going to refuse to give the ANC any more money (tax money).
And, that decision is already justified.
Click to expand...

It's think its already happening. But now people are really gatvol, and it's just gonna get worse, on a grand scale.

I think it's quite justified for people to cheat SARS in every way possible, for every cent possible. Let government start getting less income, then maybe they will learn to spend it responsibly (yeah right!).

Our tax money goes to a R40 billion arms deal when we have no need for ships, jets and other arms (except a proper police force), bailing out of Eskom, bailing out of SABC, bailing out of so many other useless goverment enterprises, government corruption on a grand scale in every department, goverment's refusal, or inability to pay it's debtors for services done, etc. We then get hit again by VAT and high fuel taxes. Soon we will be hit by Toll Fees on most major highways. We don't get much in terms of public services (safety, security, public transport, healthcare, education). Everything is crumbling in this country. We're almost as bad as Zimbabwe. I hope it all falls apart in June next year, so that the whole world can see what is going on...
 
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