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Milking the middle class

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MISMANAGEMENT coupled with poor decision-making, has landed many state-owned enterprises in a dire financial position. These institutions are totally reliant on the fiscus to bail them out continually at astronomical cost to the over-burdened taxpayer.

The SABC is such an enterprise that is always trying to keep its head above the water. Let’s not forget the damage caused by Hlaudi Motsoeneng when his 90% local and 10% international content ruling was introduced at the SABC.

Revenue through advertising was lost, further deepening the woes of the SABC.

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