Today's Labour News

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sabcANA reports that SA Broadcasting Corporation (SABC) Group CEO Madoda Mxakwe on Friday highlighted the public broadcaster’s “dire financial state” to staff, saying the SABC had had a “demanding financial year”  

“The SABC had a net loss of R622 million for the 2017/18 financial year.  One of the SABC’s biggest cost drivers is the salary bill.  To put this into context, the SABC is a R7.2 billion revenue generating company with a salary bill of R3.1 billion,” the SABC advised in a statement.  The corporation went on to state:  “The current ratio of venue to wage bill is not sustainable given the SABC’s dismal financial situation.  It is for this reason that the SABC is contemplating other cost cutting measures to further reduce costs.  The next step is for the SABC to engage in joint consensus seeking consultations with organised labour.”  The SABC said it had met with organised labour on Thursday to inform them that the organisation was contemplating job cuts in terms of section 189 of the Labour Relations Act.  It said this would form part of the cost cutting measures.

  • Read this report in full at The Citizen
  • Read too, Cost-cutting ideas by SABC may include retrenchments, at BusinessLive
  • Read the SABC’s press statement at Politicsweb

Get other news reports at the SA Labour News home page