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.
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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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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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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
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