Loading...
See More

SABC posts R343m profit

Oct 12 2012 07:53 Sapa


Related Articles

SABC denies white bias claims

SABC not meeting mandate

Union makes a comeback at SABC

Union: SABC bans Malema reports

SABC, unions settle wage dispute

SABC seeks easier loan guarantee terms

 

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
NEXT ON FIN24X

 
 
 

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
14 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Money Clinic

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