The SABC is “conservatively” projecting a budget shortfall of R1.5bn in the current financial year as its advertising revenue drops significantly due to the economic impact of Covid-19.
“It's within this background ... that we're going to be submitting to the shareholder [government] a request to review our budget.”
When asked by MPs on Tuesday night to comment on the matter, Mxakwe said the figures he was presenting to them were “extremely conservative”.“The numbers that were given by a certain Sunday Times newspaper, were those numbers correct? The numbers that we're submitting to the shareholder and ... honourable members [is] R1.5bn, in terms of the projected revenue loss for the full fiscal [year]. And as I've said earlier on, these are extremely conservative.
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