MEDIA STATEMENT
FACTUAL SABC INFORMATION ON THE REMUNERATION
PACKAGES OF EXECUTIVE DIRECTORS
Johannesburg- Friday, 2 November 2018 -The South African
Broadcasting Corporation (SABC) has noted the reactions from
various parties following the release of the packages of the
Corporation’s Executive Directors.
The SABC would like to re-iterate and place on record that the
packages are significantly lower than those of the previous
Executive Directors and amount to 0.4% of the current salary bill of
R3.1 billion.
The packages of the previous Executive Directors were as follows:


Group Chief Executive Officer- R7,2 million if you take into
consideration payment in lieu of the premature termination of the



contract of employment.
Chief Operations Officer - R 3,8 million if you exclude the R11



million bonus pay out.
Chief Financial Officer - R4,1 million.

In addition the SABC would like to clarify firstly, that the current
Executive Directors’ positions were advertised and accepted by the
current incumbents at the salaries offered when the employment
offers were made. Secondly, these salaries are based on the size of
the assets under the Executive Directors’ control as well as the
revenue that the company generates, which stands at R7.2 billion.
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 Lastly, given the challenges facing the Corporation, it was critical
that individuals with the relevant skill, competence and experience
are attracted to the SABC to turn the Corporation around.
The SABC Board Chairperson, Bongumusa Makhathini stated, “we
are confident as the SABC board that we appointed the right
individuals, with the right skills and who have demonstrated since
their appointment, the ability to steer the SABC in the right direction.
These Executive Directors are dedicated to turning the SABC
around, and testimony to this is their decision to decline the 4.5%
annual salary increase for the 2018/19 financial year, given the dire
financial position of the SABC and current austerity measures.
The SABC remains committed to implementing cost cutting
measures and to turning around the organisation through financial
stability, restoring the integrity, credibility and culture of excellence in
the public broadcaster.

END
Issued By:
Media Enquiries:

Group Communications
Neo Momodu GE: Corporate Affairs &

Marketing/Spokesperson
MomoduN@sabc.co.za   T. 011 714 3311  C.
079 462 5081

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