The SABC on Wednesday set out in detail why it needs to retrench staff, with group CEO Madoda Mxakwe saying the public broadcaster is “technically insolvent”.
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The SABC is set to retrench almost a third of its workforce. The public broadcaster set out restructuring plans on Monday evening in which it said as many as 981 of its approximately 3 400 permanent employees may be retrenched.
Communications minister Nomvula Mokonyane said the delays in digital migration are a concern as they are proving costly for government and industry.
Naspers has announced a management shake-up at MultiChoice, with the creation of a new MultiChoice Group business (formerly Naspers Video Entertainment), which will be headed by Calvo Mawela.
Netflix is once again turning to the junk-bond market to fund new programming as the streaming video giant seeks to maintain its torrid subscriber growth.
A process called “digital restacking” could take up to two years to complete, delaying the allocation of prime radio frequency spectrum to telecommunications operators to 2022.
Communications minister Nomvula Mokonyane said government has set July 2020 as the firm and final deadline by which time analogue terrestrial television broadcasts must be switched off.
Netflix is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher.
MultiChoice said on Monday that it is adding the Joox VIP streaming music service as a free value-add to DStv Premium, Compact and Compact Plus subscribers.
As much as it pulls at our heartstrings, the SABC’s sad attempts to invoke “Living the legacy” as a slogan should not sway government from ruthlessly resetting its focus on more crucial projects.