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”.
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