Lack of government support for SABC is demoralising, chair tells state capture inquiry
The public broadcaster is finding it difficult to implement its turnaround strategy without financial backing
The lack of government support for the troubled SABC is “demoralising” and the public broadcaster is finding it difficult to implement its turnaround strategy without the state’s financial support, SABC board chair Bongumusa Makhathini testified at the state capture inquiry on Monday.
The broadcaster, which remains the only source of news and commentary for millions of South Africans, is technically insolvent. Its falling revenue means it cannot service debt of almost R2bn and it is on the brink of collapse. It has requested a R3.2bn government guarantee to stay afloat and to pay off some of its debt, but its bid for funding has so far been unsuccessful, largely due to its failure to meet some of the Treasury’s conditions...
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