The SABC will receive an interim financial relief from the government within the next 10 days and may gain further financial assistance in 45 days should it meet requirements set out by government.
The public broadcaster had set out its financial troubles before Parliament prior to the May 8 general elections and has been awaiting approval for a R3.2-billion loan that would ease its troubles. “However, this is subject to the SABC meeting all the said conditions and requirements. In this regard, we will work with the minister of finance towards an institutional mechanism to support the turnaround effort and this includes the appointment of the CRO [chief risk officer],” she added.
“Through the reconfiguration of some of our SOEs, we will establish a new infrastructure company that will be responsible for the rollout of infrastructure and connectivity. As part of the creation of this company, we will ensure that all State infrastructure initiatives are harmonised and coordinated,” the minister said.
Can they employ me. Just want to taste bailout money.
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YouTubeInterim relieve? Is that meant to sound dirty?
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YouTubeTell us something we don't know Stella, please!!!🙏 Not if she is in charge! I am actively looking for employment. For the past 10 years. Hope you have better luck than me. Honestly guys! Can we please stop with these mouth farts from politicians?
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