Wednesday, April 13, 2016

OLD RECORD. The SABC again promises parliament that it WILL be paying 'royalties' to local artists; the problem is - it never actually STARTS.

Sounding like an old record the SABC on Tuesday again told parliament that it will start paying "royalties" to South African artists - yet again making the same future promises it's said over and over and over for years now.

On Tuesday in parliament, the SABC's chief financial officer (CFO) James Aguma told the portfolio committee on communications that "the SABC wants to announce that in the broadcast cost we've also provided for the payments of royalties to artists".

"We have taken a decision that we shall be settling these from 2006. So, we will be paying these and we have provided for that," said James Aguma.

He also told parliament that the SABC is "putting a cap on staff numbers".

Ironically the SABC was ordered in 2011 to reduce the SABC staff number - and promised to do so in order to get a R1.2 billion government-guaranteed loan from Nedbank to save it from financial collapse.

The SABC never complied with that personnel reduction as part of the loan obligation.

"We're only recruiting those that are directly influencing broadcasting," said James Aguma.

He told parliament the SABC plans to close 2017 with R900 million in cash.

He said the SABC plans to close the 2017/2018 financial year with R895 million.

James Aguma says the SABC intends to increase its commissioning spend in local programming content, as well as broadcasting infrastructure.