South African Broadcasting Corporation is to receive interim financial relief from government within the next 10 days and a major cash injection in the next 45 days if it meets certain conditions.
Communications and Digital Technologies Minister Stella Ndabeni-Abrahams made the announcement in Parliament on Wednesday when presenting the budget votes for her department and various other entities. The cash-strapped public broadcaster has been battling to get a government guarantee that will allow it to borrow money from the commercial banks.“Government is actively looking at strengthening theAs we reported in the portfolio committee last week, we continue to engage with National Treasury for a lasting financial solution for the public broadcaster.
All opposition parties further warned that the day-zero scenario, where the SABC can possibly switch off and fail to pay its employees salaries would be a national disaster. They also slammed the department for failing to roll out the whole array of digital technology programmes, which they say may put the country at the forefront of the fourth industrial revolution and unlock millions of jobs.
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