The South African Broadcasting Corporation (SABC) has appointed Zimbabwean financial expert Tendai Matore as Acting Chief Financial Officer (CFO) following the resignation of Yolande van Biljon. This move comes as the SABC faces significant financial difficulties, including technical insolvency and a decline in revenues due to reduced audience share and TV license non-compliance
A Seasoned Professional to Steer Financial Challenges
Matore’s appointment signals a new chapter for the embattled broadcaster. With extensive experience in financial management and corporate restructuring, he is tasked with guiding the SABC through its current challenges. Under Yolande van Biljon, the SABC highlighted its struggles, including a revenue dip of R2 billion since 2016 and a growing reliance on government bailouts
Addressing Technical Insolvency
The SABC’s insolvency is exacerbated by unsustainable financial models and an 85.6% non-compliance rate for TV license fees. Matore will likely focus on introducing innovative funding mechanisms and streamlining operations to stabilize the broadcaster’s financial position
Zimbabwean Excellence on Display
Matore’s appointment reflects the growing recognition of Zimbabwean professionals on the international stage. His strategic insight and financial acumen are expected to contribute significantly to turning the tide for the SABC, ensuring it remains a vital platform for South African media and public engagement.
