Johannesburg - The SABC has blamed the exorbitant sports rights for not broadcasting the Rugby World Cup.
Briefing the communication portfolio committee on Tuesday, SABC chief executive MAdoda Mxakwe said one of the biggest cost drivers for the public broadcaster was the exorbitant cost of sports rights.
Mxakwe said the sports rights were extremely expensive and affect their profit statement.
"It has been extremely expensive and has affected our profit and loss statement," Mxakwe said. In the past, three years SABC lost as much as R3.8 billion on monies paid for sports broadcasting rights. If the SABC continued on this trajectory, it would need another R6.8bn, which is not sustainable," he said.
Mxakwe also said what they spent and what they got on sports rights was not making commercial sense.