SABC inquiry: Public broadcaster's finances come into sharp focus
The SABC’s so-called suspicious transactions with Gupta-owned TNA Media, MultiChoice and other companies, are also under scrutiny.
CAPE TOWN - The South African Broadcasting Corporation (SABC)'s finances have come into sharp focus at Parliament as an ad hoc committee looks into the organisation's fitness to hold office.
The SABC’s so-called suspicious transactions with Gupta-owned TNA Media, MultiChoice and other companies, as well as the role played by Communications Minister Faith Muthambi in the public broadcaster's affairs, are also under scrutiny.
Members of Parliament (MP) are panel beating a 38-page working document into a detailed report with recommendations aimed at getting the public broadcaster back on track.
Evidence before the inquiry includes a hefty report by the Auditor-General’s office, suggesting the SABC may be technically insolvent.
African Christian Democratic Party MP Steve Swart quoted from it.
He said, “Management’s response to that statement of technical insolvency is no response. The Auditor’s conclusion, no response, is received, therefore the finding is deemed to be factually correct. Now there’s a finding here of possible technical insolvency.”
The African National Congress’ Juli Kilian also flagged the report.
“It is very important. It drills down to the core of the governance problems and resulting fruitless and wasteful expenditure that has come over the years. So I really want to suggest that we don’t ignore this document.”
The Economic Freedom Fighters’ Fana Mokoena wants the committee to recommend a forensic audit into the SABC’s finances as a whole and not just transactions that have so far been flagged as “suspicious”.
Evidence before the committee is that the SABC has racked up more than R5 billion in irregular, fruitless and wasteful expenditure in recent years.
View the working document below:
(Edited by Shimoney Regter)