Relief on the way for SABC – Minister

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Publish date 11 July 2019
Issue Number 4738
Diary Legalbrief Today
The SABC will receive an interim financial relief from the government within 10 days and may gain further financial assistance in 45 days should it meet requirements set out by government. Communications Minister Stella Ndabeni-Abrahams made the announcement in Parliament ...

The SABC will receive an interim financial relief from the government within 10 days and may gain further financial assistance in 45 days should it meet requirements set out by government. Communications Minister Stella Ndabeni-Abrahams made the announcement in Parliament this week when she proposed her department’s budget vote speech, notes a Mail & Guardian report. The public broadcaster had set out its financial troubles before Parliament prior to the 8 May 8general elections and has been awaiting approval for a R3.2bn loan that would ease its troubles. The SABC has been scrambling to get a government guarantee that will allow it to take loans from commercial banks, but until now, government has not been happy with the broadcaster’s turnaround strategy. ‘Government is actively looking at strengthening the SABC,’ the Minister said.