James Aguma must be suspended for driving the SABC into the ground
26 April 2017
The Acting Group Chief Executive Officer (GCEO) of the SABC, James Aguma, must be suspended for overseeing the plunder of the public broadcaster’s cash reserves, pending the conclusion of a forensic investigation. The DA will write to the chairperson of the SABC Interim Board, Khanyisile Kweyama, requesting the immediate suspension of the Acting GCEO, pending a forensic investigation into the SABC’s finances.
The Auditor-General’s (A-G) office tomorrow confirmed to the Portfolio Committee on Communications that the SABC’s cash reserves declined from R1.5 billion in 2014 to R200 million in December 2016.
Not only has this left the SABC as barely a “going concern”, it is at risk of being forced to cease operations, unable to pay its staff and meet its obligations. Cash reserves refer to money which the SABC should have saved to cover any
Cash reserves refer to money which the SABC should have saved to cover any emergency. According to treasury regulations, the liquidity requirement of SABC is allegedly R650m a month on average.