Bankrupt ANC broadcaster, SABC, paid out R80 mill in bonuses

Die Vryburger

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Bankrupt ANC broadcaster, SABC, paid out R80 mill in bonuses. Photo: Die Vryburger
Bankrupt ANC broadcaster, SABC, paid out R80 mill in bonuses. Photo: Die Vryburger

The bankrupt ANC broadcaster, SABC, paid more than R80 million to directors and other heads of the entity. One director received a handy R15 million bonus package, while five others “earned” more than R4 million each.

According to a spokesman, efforts are being made to recover the money!

Meanwhile, the SABC is so bankrupt that they have acknowledged that they can not guarantee that they will be able to pay salaries in the next three months and that they are engaged in retrenchments.

Read the original article in Afrikaans on Die Vryburger

South Africa Today – South Africa News

SABC to start retrenchments in an attempt to survive

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