Today's Labour News

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sabcBusinessLive reports that the SA Broadcasting Corporation (SABC), which remains in a dire financial situation, has suspended its staff retrenchment process amid pressure from the government, labour and other stakeholders.  

The public broadcaster had hoped to conclude the process by the end of January.  It has been unable to pay all its creditors and warned in November that it would be unable to pay salaries by February, unless a R3bn guarantee was secured from the government.  The planned job cuts were likely to affect about 1,000 permanent employees and 1,200 freelancers.  SABC spokesperson Neo Momodu confirmed at the weekend that the retrenchment process was suspended and said:  "The SABC communicated to staff and organised labour at the end of 2018 that the envisaged [section] 189 process [retrenchments] was held in abeyance and this is still the case to date.  The SABC’s dire financial situation is a matter of public record.  Monies owed to creditors are steadily climbing, however, the SABC has worked out a payment plan in consultation with the relevant creditors for the outstanding payments.  The SABC management continues to discuss its financial sustainability and related issues with the relevant stakeholders, and is working to find a solution for the benefit of the SABC, its employees and the SA public."  The SABC spends more than R3bn a year on the salaries of 3,000 permanent employees.  It expects a net loss of R805m in the 2018/19 financial year, should cost-cutting measures not be implemented.

  • Read Bekezela Phakathi’s report in regard to this story in full at BusinessLive

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