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SABC Presentation to the Select Committee on Labour and Public Enterprises

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SABC Presentation to the Select Committee on Labour and Public Enterprises

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Presentation Transcript

    2. Contents

    3. Opening Remarks

    4. Main objectives in this Turnaround To improve free cash flow, independent of bail-outs and government guarantees Shaping the SABC for success in the future digital media environment in order to... “deliver distinctive and compelling programming through sound business practices” “To be the Pulse of Africa’s Creative Spirit”

    5. Context The terms of the Government Guarantee (GG) The Shareholder compact (currently signed) The approved 2010/11 corporate plan Audit General report for the previous financial year Undertakings of the Board of Directors Broadcasting Act, 2002 as amended Electronic Communications Act, 2005 as amended Public Finance Management Act (PFMA), 1999 as amended Companies Act, 2008 The Constitution of South Africa, Act 108 of 1996 Treasury Regulations, 2005 New Proposed Broadcasting Bill The Public Finance Management Act, Act 1 of 1999 (as amended) King Report on Corporate Governance for South Africa Protocol on Corporate Governance for State-owned Enterprises DTT regulations Sports of National Interests ICASA licence conditions In preparing this turnaround strategy the SABC has assumed that it will a) implement DTT and switch-over from analogue terrestrial broadcasting by 2015 and b) migrate its operations from the current analogue operation to an integrated digital media network, providing a bouquet of digital channels and services to a variety of digital platforms including DTT, satellite and on-line.

    6. SABC Turnaround Strategy drives recovery, stability and Sustainability. 6

    7. Key themes of Turnaround

    8. 8 Conclusion Turnaround Strategy approved, Recovery achieved, now in Stabilisation phase Plan of action established to address the recommendations contained in the AG Report The Board has adopted a set of Corporate Pillars that informs the SABC’s Strategic Focus areas and operational plans Revised operating model and structure developed and being considered by the Board Performance contracts signed with all Executives for the 2012 fiscal

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