While the SABC has been in a shambles for years, it has suffered particularly under the leadership of former chief operating officer Hlaudi Motsoeneng. A parliamentary committee report reveals details regarding irregular procurement practices, unfair dismissals and a broadcaster in dire financial straits.
The mismanagement of the SABC is said to have led to the embattled public broadcaster bleeding viewers and ad revenue, with the collateral damage spreading far beyond its head office in Auckland Park.
Independent television producers and filmmakers say former chief operating officer (COO) Hlaudi Motsoeneng has done untold damage to the industry, urging Parliament to speedily appoint an interim board that can reinstate fair and transparent processes to deal with a number of critical issues, including the commissioning of content and the payment of actors.
The SABC, which has been the subject of an enquiry by an ad hoc parliamentary committee, started the new year without its controversial former COO or its last board member, chairman Mbulaheni Maguvhe, who stepped down in December, thereby leaving the SABC rudderless.
The speedy appointment of an interim board is of utmost importance in order to stabilise the broadcaster, interest groups say. The board will face a mountain of work: it will need to deal with the investigation of numerous allegations of censorship, victimisation, corruption and improper procurement transactions that have been aired over the last few years.
A new board will also have to report to minister of communications Faith Muthambi, who has been singled out for some harsh criticism in the ad hoc committee’s interim report, potentially having broken various laws and allegedly having interfered in the SABC’s operational affairs. (The final report is expected near month-end. Neither the department of communications nor the SABC responded to finweek’s requests for comment.)
Financial troubles
Diese Geschichte stammt aus der 23 February 2017-Ausgabe von Finweek English.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der 23 February 2017-Ausgabe von Finweek English.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
