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SABC abandons R1 billion profit goal for 2026/27 due to rising costs and projected loss.
The South African Broadcasting Corporation (SABC) has abandoned its R1 billion profit target for 2026/27, with the National Treasury projecting a R41.3 million loss due to rising labor and content costs.
Despite expected revenue growth from R6.6 billion to R7.9 billion by 2028/29, spending is set to rise similarly, driven by 6.2% annual labor cost increases and sharp hikes in content and broadcasting expenses.
The SABC is focusing on digital transformation, including monetizing its SABC+ platform, using AI, and forming partnerships to boost revenue.
Although it reported a modest revenue increase in 2024/25, it recorded a R253.3 million net loss, and past budget forecasts have been inaccurate, highlighting ongoing financial challenges.
SABC abandona el objetivo de ganancias de R1 mil millones para 2026/27 debido al aumento de los costos y la pérdida proyectada.