SABC says it can afford higher wage bill

NEWSWATCH: The government (their sole shareholder) owes them millions, they're in need of a massive bailout, but the chair of the interim board says the SABC can afford the extra wage bill, reports IOL, which also reports that the interim board has instituted a range of cost-cutting measures - and a TV licence fee is going to cost us more.

For more:

IOL: SABC coffers should cope, says Charnley… The broadcaster reckons there's enough cash in the coffers to meet the extra 1.5% increase agreed to last Friday.
IOL: Harsh cost-cutting measures at SABC… Irene Charnley, interim board chair, has warned the broadcaster's managers that if they don't heed the call to cut costs, they will have to face "serious consequences".