SABC stable but needs cash injection to turn it around, says Mathatha Tsedu
It is not going to be possible to transform the SABC without a cash injection from external sources, the public broadcaster’s deputy interim board chairman, Mathatha Tsedu, said on Friday.Tsedu, who was being interviewed for a position on the permanent board, said that while the public broadcaster’s financial situation was now somewhat stable, it still urgently required a government guarantee."When we got to the SABC the biggest concern of the employees was whether they would get paid. We have stabilised that and it is no longer the case," Tsedu said in response to questions from MPs."But it is not going to be possible to transform, modernise and digitise the SABC without an injection from external funding … without it [a government guarantee] we would survive, but just survive."Uncertainty still shrouds the R1bn government guarantee the SABC has requested from the Treasury.Treasury said in August it was still applying its mind to the SABC’s request.All five members of the interim b...
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