Investments Briefs:

Investment

- SABC has released its 70th annual report and 2007 financial statements at the Johannesburg Country Club in Auckland Park, amid a myriad troubles and controversies that continue to haunt it. Unfortunately, the results show that the public broadcaster has performed dismally compared to last financial year, posting only an after-tax profit of R183 million - a shocking decline of 52% against last year's R383 million. The public broadcaster has, however, generated revenue for the year of R4.3 billion, an increase of 8.2% over its prior year's performance. But chief financial officer Robin Nicholson said rising employee costs, marketing expenses and professional and consulting fees of 9%, 42% and 186%, respectively, have considerably hurt the 2007 profitability. No dividends were declared or paid during the year under review.