SABC banks on Treasury to help stem cash crisis
SABC chief operating officer Chris Maroleng says the recent changes at SAFM are meant to stem losses in excess of R30m at the talk-radio station.
SABC chief operating officer Chris Maroleng says the recent changes at SAFM are meant to stem losses in excess of R30m at the talk-radio station. The SABC has also failed to raise funding from institutions, while it awaits the outcome of its appeal to Treasury for a R3bn guarantee. The broadcaster, however, insists its cash flow position has improved after setting out to pursue aggressive cost containment. Maroleng was part of an SABC delegation, which included acting CEO Nomsa Philiso, acting chief financial officer Thabile Dlamini and board chairman Bongumusa Makhathini, that briefed Parliament’s portfolio committee on communications about the public broadcaster’s performance plans. DA MP Phumzile van Damme said the changes at SAFM had been poorly handled, judging by the number of complaints received from the public. One of the sticking points was how longtime breakfast host Sakina Kamwendo’s final show ended. The SABC is still reeling from the Kamwendo incident and is also grappl...
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