SABC 2017/18 annual report reveals top management still earned highly inflated salaries and a public broadcaster technically insolvent
4 October 2018
The South African Broadcasting Corporation’s (SABC) 2017/18 annual report tabled in Parliament, without the usual press conference and announcement from the public broadcaster, reveals that for the year ending in March 2018, the SABC’s top management still earned highly inflated salaries.
The report also reveals a public broadcaster that is commercially insolvent and received a disclaimed audit opinion from the Auditor-General.
The A-G found that the SABC only achieved 40% of its targets and:
- Irregular expenditure balance: R5 billion, incurred in 2017/18: R571 million