The SABC continues to bleed money: it emerged in Parliament on Tuesday that it now owes its creditors close to R600m. The public broadcaster’s new board and its acting executive managers disclosed this during their first meeting with parliament’s portfolio committee on communications. Reporting on their performance in the first quarter of the current financial year‚ acting CEO Nomsa Philiso said things were tough for the struggling organisation and it was not out of the woods yet. “It was a difficult quarter for the SABC and its performance. If you remember that’s when we hit the financial iceberg in terms of our crisis. As at the end of June we were owing our creditors R597m, which has subsequently grown over the months. But on the positive side, we were still able to deliver programming and also to meet our mandate requirements‚” said Philiso. Bongumusa Makhathini‚ the chairperson of the SABC board‚ said the newly appointed nonexecutive directors had “hit the ground running” and h...
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