Media experts working to ensure the SABC remains viable
SABC CEO says its cash flow is depleted so it cannot honour payments to service providers — nor guarantee salaries at the end of March
A group of media experts are working with National Treasury officials to ensure the troubled SABC remains viable, communications minister Stella Ndabeni-Abrahams said on Wednesday. The minister didn’t provide further details during a question and answer session in parliament. The public broadcaster, which is the main source of news for thousands of citizens, is on the brink of collapse with company executives warning this week that it will be unable to pay salaries unless a request for a government guarantee is finalised. “A group of media experts is working with the Treasury to ensure the SABC is able to remain sustainable and generate income,” Ndabeni-Abrahams said during a session in parliament on Wednesday. She had confirmed on Tuesday that the National Treasury had agreed to grant SABC interim relief. The amount to be granted was yet to be confirmed, the minister said then. Mxakwe said that government funding will be used to recapitalise the SABC. Briefing parliament’s communic...
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