Gary Alfonso, managing director of Africa Business News says in response to a media enquiry that CNBC Africa plans to ''restructure its staffing levels and to streamline its business''. ''As in any start-up, our business has grown significantly over the last 4 years. Operational inefficiencies resulting from an excess in staffing have arisen in a number of areas,'' he says and adds that ''the restructuring which takes place, if any, will impact on only a few people in our Johannesburg office.''
''Our operations and the programming in Johannesburg remain unaffected and we will continue to broadcast 8 hours of live content from our Johannesburg studio,'' he says. The possible dowsizing of CNBC Africa's staff in South Africa comes after a turbulent year for the business channel that was revealed to have received millions of rands from the Gauteng Film Commission, a contract that has since been terminated and the income of which was a big part of the channel's annual revenue stream. CNBC Africa has told me that it plans to open a number of new bureaus across Southern Africa this year, hopefully in Mosambique, Zambia as possibly in Zimbabwe.
ALSO READ: CNBC Africa plans to open bureaus in 2011 in Mosambique, Zambia and possibly Zimbabwe.
