SABC sheds jobs, closes five offices
The SABC is going ahead with wide-scale job cuts in a bid to slash costs at the cash-strapped broadcaster.
It will also be closing down five offices.
Phase 1 of the plan requires all group executives to present plans to their executive directors by the first week of August on how to cut personnel costs by 30%. This is expected to shave R279m a year in costs. Phase 1 also includes a “report to the shareholder on pending retrenchments”.
Read the full story in the Sunday Times.
Want to read the full Sunday Times?
Subscribe online from R80 per month or try our R15 day pass