Ndabeni-Abrahams requests R3.2 billion loan guarantee for SABC - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The SABC says Communications Ministernewly appointed SABC boardSABC Board Chairperson Bongumusa Makhathini says although it can still afford to pay employee salaries, the public broadcaster is battling to meet its other financial obligations.

“We are grateful for the effort and the contribution by the minister. She’s helped put together a team made up of DOC, National Treasury and the SABC and there is great progress in that area. We are looking really positive to get financial help. She’s actually put a request for R3.2 billion to help us settle some of the outstanding debt that we have.”

Makaphume.

BAIL OUT is a commonly used term nowadays. SAA bail out, Eskom bail out etc.

SABC, ESKOM and SAA should first diognose the problem before soliciting bailouts.

hay ngumhlola lo!! Why dont you privatise SABC? Its clear under gvt it cant generate any decent income!!😰😰😰

Minister Stellarated , is this why you were looking for Minister tito_mboweni ? 😅

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

SABC bailout talks ongoing: Ndabeni-Abrahams - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Communications Minister Stella Ndabeni-Abrahams says her department is in ongoing discussions with National Treasury for a financial bail-out for the South African Broadcasting Corporation (SABC.)% It's like Brexit; going on and on and on... Just privatise this wasteful expenditure
Source: SABC News Online - 🏆 32. / 51 Read more »

SABC welcomes newly appointed board members - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC welcomed members of the newly reconstituted SABC Board to the corporation on Tuesday.
Source: SABC News Online - 🏆 32. / 51 Read more »

Axed SABC boss mulls legal fightback following dismissal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Axed SABC Chief Operations Officer, Chris Maroleng, says he intends taking the termination of his contract with the public broadcaster to the courts.% Kuyanyiwa in this position Pulling a 'Hlaudi' on them
Source: SABC News Online - 🏆 32. / 51 Read more »