Member of @ParliamentofRSA | National Spokesperson @IFP_National | God Bless South Africa πΏπ¦ | Last Born π | #BecauseGod | Sibonga Umusa ππΎ | #UpTheBucs β οΈ
Nov 19, 2020 β’ 4 tweets β’ 2 min read
The #SABC matter is very complicated; there are no easy fixes whichever way its looked at.
Only 3% of the SABC revenue comes from Government.
The wage bill is 43% of total expenditure.
Part of the 8 conditions for the R3.2bn bailout speak to restructuring & cost cutting measures.
The accumulation, over years, of bad corporate governance, corruption, fraud & maladministration is precisely why the #SABC is in this current impasse.
#NationalTreasury intervention is needed because whichever way things go, money is required.
Challenge is its availability?