BREAKING. SABC makes a net profit of R343 million for the financial year 2011/2012; comes at the cost of a further reduction in local TV spend.

The SABC board has officially presented the South African public broadcaster's new annual report for 2011/2012 in parliament, and although the SABC made a net profit of R343 million, it's only once you carefully scritinize the financial results that you see the profit comes because of a further reduction in local programme commissioning and less local content at the hugely troubled public broadcaster.

Since late last night I've been pouring over the SABC's financial statement for 2011/2012 for the year ending 31 March 2012, and I've seen and found several shockers, astronomical salaries for a place such as the SABC mired in management problems and operational upheaval, all of which I'll report on in days to come.

BREAKING. The latest SABC annual report is once again unprofessionally looking; gives the impression of a primary school assignment.

I sat up until very late going through the really unprofessionally looking latest annual report of the SABC.

Just like last year when I stared in amazement (not the good kind) at the actual, for-real thing before me, the SABC's annual report for 2010/2011 looks like a primary school assignment.

Is the child who did this deliberately lying in places, or just don't know better? Is the child padding with useless, incorrect information simply received from elsewhere and copied in (because nobody knows better), or deliberately trying to deceive?

The SABC's annual report is once again a subpar piece of reportage on the matters of the South African public broadcaster, glossing over too many numerous things to count, not giving a real and accurate picture in my opinion of the real state of the SABC, and is just plainly inappropriately compiled, in terms of content, for what a real annual report of a massive public broadcaster should look like. (You don't include bits that herald shows that won Saftas, for goodness sake!)

One has to wonder who helps the SABC with this annual report and if its they who don't know, or if its someone at the SABC who demands certain things, or if nobody knows better and just throw stuff in there as a loose collection of hodgepodge information and tacks financial statements on?

Of course the SABC again got a qualified audit since the public broadcaster could not substantiate R297 million to programming and film rights out of the R312,6 million allocated for the year in the annual report. 

Robin Nicholson is listed as ''retired'' [he was in fact essentially ''fired'' since his contract wasn't renewed]. Then TV shows are listed that haven't even been broadcast or is only currently in production but are being used to boast about or make up the numbers in the past year under review in the annual report.

Then there's the double speak about the SABC supporting the local production and broadcasting industry, while the actual truth is that the SABC in the period under review did not commission new programming and actually cut down hugely on commissioning new local content.