SABC Interim Board Examining Finances

The newly appointed SABC board is examining the financial situation of the broadcaster

The newly appointed South African Broadcasting Corporation (SABC) interim board is examining the costs of each of the beleaguered broadcaster's departments "line by line", chairperson Irene Charnley said on Tuesday.

"We need to stabilise the SABC at all levels. The situation is not normal. Financially the organisation is in dire straits."

The SABC reported a financial loss of R839-million for the 2008/09 financial year. The broadcaster had asked the government for a R2-billion bailout.

The interim board included Charnley, Philip Mtimkulu, Libby Lloyd, Leslie Sedibe, Suzanne Vos, Gab Mampone, Robin Nicholson and Charlotte Mampane.

To read the article titled, “New SABC board 'looking to cut costs',” click here.

Source: 
<br /> Mail and Guardian
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