SABC reports R511 million net loss for 2019/2020 financial year

The South African Broadcasting Corporation (SABC) has tabled its 2019 and 2020 Annual Report in Parliament.

According to a statement released by the SABC on Tuesday, “While the corporation faced another difficult year that was further compounded by depressed economic activities that particularly affected revenue generation, the public can be reassured that the building blocks to stabilise the corporation are now in place.”

The Communication Workers Union (CWU) says it will soon embark on a full-blown strike against the SABC‘s restructuring process, which could see as many as 400 full-time employees lose their jobs.

A group of workers embarked on a lunch-hour picket at the public broadcaster’s headquarters in Auckland Park, Johannesburg yesterday, to protest against the restructuring process.

They were joined by Economic Freedom Fighters (EFF) members as well as the South African Federation of Trade Unions'(Saftu) Zwelinzima Vavi.

Addressing the gathering, CWU General Secretary Aubrey Tshabalala said labour unions are currently engaged in two processes at the SABC.

“One is we have to interdict. That’s what comrades at Bemawu will do. CWU will announce once it gets a certificate to embark on a fully-fledged strike. We’re going to announce sometime this week, and we’re going to make a call to all SABC workers, affected or not affected, let us make sure that there’s a blackout at the SABC. But his is the beginning of protests, marches, not only here, but across the nation.”

Vavi has warned against commercializing the SABC, saying retrenchments will compromise the public broadcaster’s mandate. The SABC announced last week that it’s going ahead with retrenchments and wants to complete the process by the end of this year.

Vavi says the SABC’s current funding model is a notch away from commercialization and the move by the public broadcaster will hit its capacity and therefore, deviate from its core mandate.

“That’s commercialization for you and that’s austerity. The government is refusing to come to the party because it dare not increase that 3% funding. The result of it is that SABC’s capacity is going to decline big time, the next thing that we’re going to see is that there will be no journalist in the far outlining rural areas which SABC is the only institution that is currently covering because it is a public institution which has a mandate.”