News Formal

SABC silent as finance boss warns imploding broadcaster is on 'autopilot' | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The SABC's CFO has revealed the group is beset by absent leadership and is running on 'autopilot'. After a R3.2 billion bailout in 2019, in the form of a loan guarantee, the public broadcaster is expected to report hefty losses. | News24_Business

After a R3.2 billion bailout in 2019, in the form of a loan guarantee, the public broadcaster is expected to report hefty losses.

After a R3.2 billion government bailout in 2019 in the form of a loan guarantee, the SABC – which had to function without a SABC board for over half a year until a new one was appointed in April – is once again struggling to pay bills, with warning lights flickering over its ongoing ability to pay staff in the coming months.The SABC has also been losing senior staff.

The Sunday Times reported at the weekend that Van Biljon, in a memo on 6 June to the new SABC board chairperson Khathutshelo Ramukumba, warned that the broadcaster was once again teetering on the brink of financial collapse and might end up being placed in business rescue similar to the South African Post Office.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

SABC headed for business rescue, says CFOThe broadcaster is poised to announce a R1bn loss, and will not be able to pay salaries
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »

SABC headed for business rescue, says CFOThe broadcaster is poised to announce a R1bn loss, and will not be able to pay salaries
La source: SundayTimesZA - 🏆 47. / 51 Lire la suite »

Godongwana welcomes decision to place SA Post Office under business rescue - SABC NewsThe Acting Minister of Communications and Digital Technologies, Enoch Godongwana, has welcomed the decision of the High Court in Pretoria to place the South African Post Office under business rescue. Sapo
La source: SABCNews - 🏆 37. / 51 Lire la suite »

Embrace innovation and transform your business with Vodacom Business and Huawei CloudAs cloud computing continues to revolutionise industries, Huawei Cloud is a leading and disruptive platform for organisations looking to reap the benefits of the cloud.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »