How we lost R411m in a year - SABC
28 February 2017
Cape Town - The SABC has blamed losses in the past financial year on events of national interest that were not budgeted for.
These were events that did not generate financial returns, the public broadcaster told Parliament’s communications committee on Tuesday.
Communications Minister Faith Muthambi was supposed to have led the presentation, but she had an engagement in Soshanguve, MPs heard. Deputy Minister Stella Ndabeni-Abrahams was present.
SABC acting CEO James Aguma said elections were part of the reason for the loss.