The SABC is sinking deeper into a financial quagmire and recorded a staggering R509m operating loss for the fourth quarter ending March 31, Communications Minister Ayanda Dlodlo says. The minister told an economics cluster question-and-answer session in the National Assembly on Wednesday that under the circumstances the public broadcaster would not be able to meet its contractual obligations, including paying service providers. The SABC recorded a loss of R411m in the 2015-16 financial year, up from R395m the previous year. Dlodlo said a moratorium had been imposed on capital expenditure and disciplinary cases involving employees on paid suspension would be expedited. She said the number of consultants would be reduced.

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.