Today's Labour News

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sabcTimesLive reports that Minister of Communication Nomvula Mokonyane revealed on Thursday that the total cost to company of the top three executives at the SA Broadcasting Corporation (SABC) was R12.1-million.  

She said the chief executive officer earned a remuneration package of R 5.1-million‚ the chief operations officer R4-million and the chief financial officer R3-million.  Mokonyane advised that the packages amounted to 1.1% of the current salary bill of the public broadcaster, although they were "significantly less than the previous crop of executive directors".  At a briefing on Wednesday‚ CEO Madoda Mxakwe said the SABC had suffered a net loss of R622-million for the 2017-2018 financial year‚ making it "technically insolvent" and unable to fulfil its financial obligations.  The SABC announced earlier in the week that nearly 1‚000 permanent employees and about 1‚200 freelancers might be affected by job cuts.  Mokonyane said to MPs on Thursday that the turnaround of the broadcaster could not be based on the laying off of workers but a total review of the business and its funding model.  Finance minister Tito Mboweni has agreed to meet and engage on the state of the SABC and the turnaround plan within the next three weeks.

  • Read the original of this report by Iavan Pijoos in full at TimesLive

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