Browsing: Madoda Mxakwe
While state-owned enterprises such as Eskom, SAA and the SABC continue to make headlines for all the wrong reasons, one (partially) state-owned company is doing quite well, thank you very much. By Duncan McLeod.
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”.
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.
The SABC has slammed remarks by ANC secretary general Ace Magashule on Friday evening that the ruling party would not “allow” retrenchments at the public broadcaster.
The controversial channel supply agreement between the SABC and MultiChoice has run its course, with the two broadcasters signing a new deal that allows SABC News and SABC Encore to continue to be broadcast on DStv.