SABC: CEO's Open Letter Says: "No Going Back On Cost-Cutting Drive"
Mr Madola Mxakwe, the chief executive officer of the South Africa Broadcasting Corporation (SABC) has written an open letter that acknowledges the past mistakes of the South African public broadcaster. The open letter also confirmed that the continuing devastating impact of Covid-19's on the organisation's operations.
More telling in the open letter by Mr Mxakwe is the insistence that there will be no going back on the drive to restructure the seemingly "bloated and cash-strapped" media organisation. The SABC CEO in his letter concluded that the "ongoing cost-cutting is the only way to properly and adequately safeguard the long-term future of his ailing organisation.
Mr Madola Mxakwe said: "The SABC's public broadcast obligations are expensive. Overreliance on commercial revenue is fraught with risk because economic factors drive the market." "For the future viability of the SABC, cost reductions are unavoidable; otherwise, the institution will perpetually drain the public purse. This is neither desirable nor sustainable.
Mr Mxakwe continued: our executive team is working to improve efficiencies and reduce operating costs even further while maintaining operational stability and sustainable productivity levels. The SABC has made significant achievements in dealing with the prior collapse of governance and financial malpractice. This has moved the SABC from a disclaimer audit to a qualified audit opinion. Our goal is not to attain just a clean audit but to create the right culture and systems to entrench good corporate governance."
Credit: contribution from TV With Thinus