President Zuma must appoint new SABC Board as annual report paints grim picture
27 September 2017
Yesterday, the SABC Interim Board’s term expired. It is now up to President Jacob Zuma to immediately appoint the new SABC permanent Board to get the SABC’s business back on track.
The work of the SABC permanent Board is especially important following yesterday’s tabling of the public broadcaster’s annual financial report for the 2016/17 financial year, in Parliament.
The report paints a grim picture about the state of the SABC’s financial affairs.
The SABC’s contingent liabilities currently stands at R956.7 million, which the report flags as a major risk to the broadcaster. This is due to corporation currently being embroiled in a number of lawsuits. This exorbitant amount could potentially cripple the already ailing SABC. Other areas of concern include: