The SABC's latest financial report for 2012/2013 received a Disclaimer of Opinion from the auditor general - even worse than the previous year of 2011/2012 already atrociously bad "Qualified Audit" stamp.
The auditor general says the SABC is unable to properly account and give proper evidence as to what the beleaguered and mismanaged South African Broadcasting Corporation has done with more than R1.5 billion in the 2012/2013 financial year.
The AG says financial mismanagement and inadequate controls are rife within the SABC. The AG is therefore issuing a disclaimer, since its not able to give an opinion on an institution such as the SABC and what it did with more than R1.5 billion in spending.
"Cosatu believes that the SABC's crisis is structural," says Cosatu in a statement. "The SABC has been plagued by seemingly intractable governance crisis at both management and board levels since 2007. The SABC's dependence on advertising revenue and sponsorships had led to its failure to adequately play the role of the public broadcaster."
Cosatu says it supported an ANC resolution at its Mangaung elective conference in 2012 to increase government funding "to turn the SABC into the authentic voice of South Africans".
