The lack of adequate funding will leave the South African public broadcaster ''on its financial knees'' if more money and bigger revenue streams isn't forthcoming quickly for all the must deliver mandates of the SABC.
In the just-released latest financial report of the SABC that I've been working through, Gab Mampone, the acting group CEO of the SABC says that it ''was a very challenging year, with the SABC posting a deficit and facing a number of challenges at a leadership level.''
Talk about the understatement of the year.
Gab Mampone continues: ''What the year has demonstrated is that the current funding model requires a drastic review if the SABC is to continue delivering on its public service mandate, otherwise major investments in digital terrestrial broadcasting (DTT), the 2010 FIFA World Cup, and the digitisation of broadcasting – all unavoidable – will leave the public broadcaster on its financial knees.''
