Advertising Standards Authority may have to close its doors

Reports emerged on Thursday morning that the Advertising Standards Authority (ASA) is close to being shut down and is currently in business rescue.

ASA is primarily funded by media organisations and provides guidance on whether adverts can be shown or not when the public lodge complaints.

According to the _Times, _there is not enough money to pay retrenchment packages to those who lost their jobs last week and employees have not been told when they will be paid their May salaries.

Acting CEO Gail Schimmel says the business has been facing funding issues as well as management problems but she has been tasked with the mandate of resolving these.

It is a very complicated story - it is a combination of funding issues, it involves unfortunate litigation and there also has been some management issues in the past.

Gail Schimmel , acting CEO

The problem is that we are sitting now with historic debt that has to be paid and funding needs for the next few months while we renegotiate that long time funding.

Gail Schimmel , acting CEO

Click on the link below to listen to the full audio....


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Fedusa to meet PIC as Steinhoff crash hits workers pension funds hard

Fedusa to meet PIC as Steinhoff crash hits workers pension funds hard

Public Investment Corporation (PIC) has reportedly lost almost 9% value due to Steinhoff share price tumble last week.

Casac to challenge Zuma's appeal of Abrahams High Court order

Casac to challenge Zuma's appeal of Abrahams High Court order

The National Prosecuting Authority (NPA) will appeal a High Court order that its head Shaun Abrahams leave office.

Instead of investigating state capture they are investigating me - Jacques Pauw

Instead of investigating state capture they are investigating me - Jacques Pauw

Journalist and author Jaques Pauw says he doesn't understand why he being investigated and summoned to appear before police.

[LISTEN] Corruption Watch to commemorate International Corruption Day

[LISTEN] Corruption Watch to commemorate International Corruption Day

Ray White spoke to Programmes Coordinator, Zola Valashia about the organisation's latest strategies.

Emotional scenes at Life Esidimeni arbitration as Selebano gives final testimony

Emotional scenes at Life Esidimeni arbitration as Selebano gives final testimony

The suspended Gauteng Health HOD has been testifying since Tuesday.

Brand guru says ad industry is losing its edge

Brand guru says ad industry is losing its edge

Azania Mosaka speaks to Andy Rice, advertising and branding commentator on memorable ads over the years.

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?