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According to Radebe, the group’s CEO, Madoda Mxakwe, said the Treasury’s conditions on the bailout he received included reducing his salary bill, which currently accounts for more than half of his income and 43% of his expenses.
In the news division alone, 93% of the budget is spent on salaries.
“Management also warned that if the restructuring strategy is not implemented, the SABC will run out of money in April.”
Radebe said Sanef was concerned that the government had never sufficiently funded the station’s “critical public mandate”, despite promises made over the years.
“The government and the political parties cannot speak of the importance of the SABC but they do not provide the necessary financial support to carry out that mandate.
“The SABC executive reiterated his commitment to continue complying with SABC’s constitutional mandate despite the lack of shareholder financing.”
“Sanef believes that a mediated process between the newsroom and the management team will allow the management team to share SABC’s vision with editorial staff and explain the difficult decisions it had to make as part of safeguarding sustainability. of the SABC. “
TimesLIVE
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