The SABC has launched what it calls a “target operating model”, designed to ensure it is self-sufficient and financially sustainable so it doesn’t again have to go to government, cap in hand, for a bailout.
The new operating model has been developed in compliance with national treasury’s bailout preconditions and “has been developed in response to new business requirements and market conditions … as well as the need to effectively implement the approved turnaround strategy”.
The Covid-19 pandemic has added further complexity and has accelerated the need for the corporation to act with urgency…
In a statement on Thursday, the SABC said it has been “severely impacted by the ongoing economic downturn, ever-changing consumer needs and content consumption patterns, as well as rapid technological advancements”.
The new target operating model will allow the SABC to “reinvent itself, review its business model and revenue portfolio, and to holistically reassess its input costs as well its resource capacity”, it said in the statement.
The statement makes no reference to job cuts, which had been looming at the SABC prior to the bailout being awarded by national treasury.
