• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

SABC posts R343m profit

Oct 12 2012 07:53
Sapa

Johannesburg - Parliament's portfolio committee on communications was told on Thursday that the SABC made a net profit of R343m in the 2011/2012 financial year, the state broadcaster said.

"This was achieved against a target of R225m as set out according to the conditions of the government guarantee given to the SABC," spokesperson Kaizer Kganyago said in a statement.

The SABC increased its revenue by 7% and reduced operating spending by 2%.

However, it failed to meet government guarantee targets on reducing its staff.

"The SABC also informed Parliament that the organisation's financial situation is liquid, with R1bn in cash reserves," Kganyago said.

It told the committee it was ready for the transition to Digital Terrestrial Television.



* Follow Fin24 on Twitter and Facebook

 
sabc

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...