SABC boss Hlaudi Motsoeneng said he was happy the state broadcaster lost R411-million in the last financial year.
Speaking during the TruFM talent search event at The Venue at Hemingways, Motsoeneng said losing millions was not a loss because the institution was not for profit-making.
Acting SABC chief executive James Guma, when presenting the broadcaster's annual financial performance last week, said the broadcaster recorded a loss of R411-million, up from the previous financial year where the loss stood at R395-million.
"SABC is not a profit company. Ours is to sustain business, pay our workers, pay service providers and if we see you are a black person, you don't have money to start your business, we give you money. "Today they say we got a loss for R411- million. For me that is not a loss, we've invested in black people."
SABC spokesman Kaizer Kganyago said Motsoeneng would call to comment but had not done so at the time of going to print.
I'm happy with loss, says Hlaudi
SABC boss Hlaudi Motsoeneng said he was happy the state broadcaster lost R411-million in the last financial year.
Speaking during the TruFM talent search event at The Venue at Hemingways, Motsoeneng said losing millions was not a loss because the institution was not for profit-making.
Acting SABC chief executive James Guma, when presenting the broadcaster's annual financial performance last week, said the broadcaster recorded a loss of R411-million, up from the previous financial year where the loss stood at R395-million.
"SABC is not a profit company. Ours is to sustain business, pay our workers, pay service providers and if we see you are a black person, you don't have money to start your business, we give you money. "Today they say we got a loss for R411- million. For me that is not a loss, we've invested in black people."
SABC spokesman Kaizer Kganyago said Motsoeneng would call to comment but had not done so at the time of going to print.
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