SABC headed for business rescue, says CFO

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Insiders say the board is yet to act, despite the warning.

The SABC could find itself having to apply for business rescue as its finances once again teeter on the brink. CFO Yolande van Biljon has warned that in the worst-case scenario, the broadcaster might have to follow the route of the South African Post Office to avoid liquidation. ..From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SABC on the brink of business rescue, report | The CitizenThe 📡SABC is once again tethering on the brink of 💸financial collapse, so much so the 📺public broadcaster may apply for business rescue. Full story➡️
Source: TheCitizen_News - 🏆 6. / 75 Read more »

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

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