On Wednesday, finance minister Tito Mboweni suggested that the cash strapped SABC should seriously consider restructuring its operations, including merging radio stations and selling off some of its assets. During a media briefing in parliament before delivering his budget speech, Mboweni revealed that the broke public broadcaster has requested R6.8bn from government. Treasury director-general Dondo Mogajane is still engaged in talks with SABC executives, said Mboweni. The broadcaster had previously requested a R3bn government guarantee to stay afloat. “But if you grant the request, the money will have to come from somewhere, from another budget allocation … whatever we give them we should agree on a chief restructuring officer [to be deployed] to Auckland Park [SABC headquarters].” The minister said deploying a chief restructuring officer was akin to placing the institution under curatorship. “My advice to the SABC is to stay far away from National Treasury. But we will find a way ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now