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DA MP Phumzile van Damme has sympathized with SABC staff facing the prospect of downsizing, saying that losing income “must be painful, depressing and a cause of anxiety, but cautioned against ‘opening the door’ to employees. impostors.
In recent weeks, the public broadcaster has been in the headlines on measures to cut 400 staff members as a measure to stay afloat after reporting a loss of 511 million rand for the financial year ending in March and a decrease in revenue from 6.4 billion rand the previous year to 5.7 billion rand.
TimesLIVE reported SABC Group CEO Madoda Mxakwe said that the broadcaster faced a difficult financial year and that this affected its revenue-generating activities.
A 12% year-on-year revenue loss added to the station’s woes as advertising revenue fell, Mxakwe said. Television license revenue also decreased 18% year-on-year to R791 million.
On Friday, SABC said its board had suspended the corporation’s downsizing process for seven days to explore other options to ensure the issuer’s financial sustainability.
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