According to a report in the Sunday World, citing a confidential document titled “Reimagine the SABC through a new operating model”, the National Broadcaster is planning to retrench hundreds of employees to cut costs and create a modern, agile, and future-focused broadcaster.

According to the document, the planned job cuts are meant to reduce the public broadcaster’s wage bill by up to R700 million. It is also understood that the job cuts have been made possible by increased pressure on the broadcasting industry which has been put by the Covid-19 pandemic resulting in a decline in advertising revenue.

A couple of government institutions like SAA and Eskom have been relying on bailouts for the past few years and SABC has not been an exception.

A month ago, the SABC confirmed that it had received the final payment of a R3.2 Billion bailout from the government.

An SABC Spokesperson said that the money received will be used in key priorities such as paying the SABC’s creditors, Investment in content acquisition and maintenance of the SABC’s infrastructure and critical broadcast equipment.

The state broadcaster has been facing financial difficulties for a long time now just like the now almost defunct South African Airways. The financial difficulties got to a point where the company’s 2019 financial statement showed insolvency.

an SABC Spokesperson said that the money received will be used in key priorities such as paying the SABC’s creditors, Investment in content acquisition and maintenance of the SABC’s infrastructure and critical broadcast equipment.

The state broadcaster has been facing financial difficulties for a long time now just like the now almost defunct South African Airways. The financial difficulties got to a point where the company’s 2019 financial statement showed insolvency.

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