The South African Broadcasting Corporation (SABC) Group Executive of Human Resources, Mojaki Mosia, says there will be no salary increases for employees in the next three years unless the corporation breaks even.
He says the decision has already been implemented in the current financial year.
Mosia revealed this when the SABC Board and Executive appeared virtually before the National Council of Provinces’ Select Committee on Public Enterprises and Communications.
He says, “There will be no salary increase for this financial cycle. I can confirm it has been implemented so that in the summary that the CFO has made it will save us almost 100 million in this financial year.”
“If you project it over three years that’s where the 300 million will be saved. However, if we break even earlier than the three years we have committed that there will be a consideration for the salary increase.”
Revenue generation
He says the SABC News has also achieved 97% of its turnaround strategy but still needs to work hard to grow revenue for sustainability.
Mxakwe says, “When we got even the bailout, there were certain preconditions that came with a variety of activities in line with all our strategic pillars as the SABC. These have been properly fulfilled and thanks to the commitment and the hard work of all the SABC employees that have ensured that we are now at 93% of implementation of the turnaround plan.”
“But the very important thing for us is to ensure that we develop a huge appetite when it comes to revenue growth and we have seen particularly in a very strained economic environment that month-on-month and quarter-to-quarter, we have significantly improved when it comes to revenue generation.”
In November last year, the SABC announced it is going ahead with retrenchments:
