The SABC board has terminated the contract of employment of its Chief Operations Officer, Chris Maroleng, with immediate effect.
This announcement followed "due consideration of the findings and recommendations of a disciplinary process".
According to the SABC, Maroleng was found guilty of breaching his fiduciary duties as well as negligence.
Maroleng told Eyewitness News that he will be appealing the findings by a disciplinary committee, and is also looking to appeal the decision by the board to fire him.
Chris Maroleng was interviewed by Eyewitness News after the SABC announced his axing. The interview is embedded below.
Maroleng is a South African born in exile in Zimbabwe and later naturalised. He is a former academic and Institute for Security Studies (ISS) researcher later became a TV anchor at eNCA's Africa division, followed by MTN's group executive of corporate affairs.
His South African father met his Zimbabwean mother in Bulawayo when he went into exile.
"My father had a revelation when trying to fight the political battle: that it would be more useful to change souls than ideologies," says Maroleng.
"I was the last of six sons. He [his father] was ordained as an Anglican priest the year I was born. I was given the name Bandlalenkosi, meaning congregation of God."
The exiled family moved to the UK when Maroleng was three and he fell in love with the military. He attended primary school in Botswana and Christian Brothers' College in Bulawayo, a prefect and leader all the way, before the family returned to South Africa in 1994.