The SABC is so broke that its board has taken a decision to stop payments to all nonexecutive directors until the financial crisis at the broadcaster is resolved. "We are in a difficult financial crisis ... to that extent this board took a decision that its own board payments will be suspended in total until such time that the financial situation of the SABC has been regularised," acting board deputy chairman Mathatha Tsedu told MPs on Wednesday. "That is how seriously we looking at this thing [the financial crisis]." The SABC is facing its worst-ever financial crisis and there is concern that it will be unable to meet its contractual obligations, including paying salaries and service providers. Communications Minister Ayanda Dlodlo and SABC board members appeared before Parliament’s standing committee on public accounts (Scopa) to provide an update on various issues at the corporation, including irregular expenditure. Dlodlo also announced that SABC group executive for technology T...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.