Today's Labour News

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sabcBusinessLive reports that Communications Minister Stella Ndabeni-Abrahams has defended the high salaries paid to SA Broadcasting Corporation (SABC) executives even though the public broadcaster faces an uncertain future due to crippling financial challenges.  

According to the SABC’s annual report for 2018/2019, the broadcaster’s CEO, Madoda Mxakwe, received a total pay package of R3.9m for nine months’ work.  The packages for SABC’s top executives including the CEO, CFO, COO and its board totalled R42.5m in the reporting period.  The broadcaster, which has a huge unsustainable wage bill, spends more than R3bn a year on the salaries of more than 3,000 permanent employees across all levels.  Ndabeni-Abrahams said in Parliament on Tuesday:  “The CEO is getting what he is supposed to get ... they [executives] have to be compensated in a competitive manner.  We are confident that as we benchmark with the industry out [and] if we want our executives to perform to their level best they have to be compensated in a deserving manner and ... their turnaround plan is very clear on what needs to be done.”  Despite the SABC’s dire financial situation, Ndabeni-Abrahams suggested that there was no need to cut executives’ salaries.  The SABC had previously planned to retrench staff across the board to turn around its poor financial state, but this route was blocked after Ndabeni-Abrahams’s intervention.  Her department has made a commitment to appoint a chief restructuring officer who will monitor the cost-containment measures.

  • Read the full original of the report in the above regard by Bekezela Phakathi at BusinessLive

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