Today's Labour News

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sabcEWN reports that the cash-strapped SA Broadcasting Corporation (SABC) splurged almost R80 million in pay for its directors and executives in 2017.  

This was revealed by the SABC board when it briefed Parliament's Communications Committee on its annual report on Thursday.  One executive pocketed R15 million in 2017, while another walked away with R7 million.  Five other executives all earned above R4 million.  According to the current board, the millions paid to executives have been cut by nearly half.  Board member John Mattison said executive pay had been brought down significantly:  “In the year ending 2018, that’s after the interim board and the current board started, that was brought down from R79 million to R45 million.  We consider that to be very significant and ultimately it doesn’t mean we’re very happy with everything we’ve got, but I think it does show our commitment.”  Mattison indicated that no executives earned more than R4 million in the year under review.  He also said they would now try to recover some of the monies previously paid with the help of state law enforcement agencies.

  • A short report by Babalo Ndenze is at EWN


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