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SABC headed for business rescue, says CFO

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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.

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 /  🏆 28. in KR
 

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SABC headed for business rescue, says CFOThe broadcaster is poised to announce a R1bn loss, and will not be able to pay salaries.
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