The board of the financially destitute SABC met with Communications Minister Stella Ndabeni-Abrahams in Cape Town on Friday, but sources say the public broadcaster still has no confirmation on exactly when it can expect a loan guarantee from government.
The meeting was confirmed by communications department spokesperson Nthabeleng Mokitimi-Dlamini, who described it as “a bilateral meeting, as with any other entity within the portfolio, to discuss various strategic matters”. According to communication sent to members of the Broadcasting, Electronic, Media & Allied Workers Union after a meeting on Thursday with SABC chief executive Madoda Mxakwe and Van Biljon, “the delay in obtaining the government guarantee seems to be because the SABC is part of a collective of SOEs asking for a government guarantee/bailout”.
The City of Johannesburg and distribution network provider Sentech, as well as independent television producers, are high on the list of those suffering because of unpaid bills. Managers at the SABC have frequently spoken about their concern that a creditor would implement liquidation action against the broadcaster.It is believed that the SABC needs R600 million a month to operate, of which R260 million is used for salaries.
Source: Loan Digest (loandigest.net)
Arrests 1st for those who plundered then we will think about any financial handouts😁
So gove must pour the billions and dry this country to enrich “ black excellence” that keeps on milking with no consequences because they are black its their turn to “eat”
And not one person has even gotten a tiny slap on the wrist !!! GoFigure
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFP leader resigns from Parliament - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.MOST READ: NFP leader resigns from Parliament National Freedom Party (NFP) leader Zanele kaMagwaza-Msibi has resigned from Parliament. It's been long overdue,she can go home and rest now,parliament was never a good environment for someone in her condition president's haters complain about De Lille but said nothing about NFP leader who served under Zuma from opposition parties They complain when you shout n don't take order from the speaker...she behave well I salute her she must go n rest up until she's ok to be deploy there..
Source: SABC News Online - 🏆 32. / 51 Read more »
Retrenchments looming at MultiChoice - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.MOST READ: Retrenchments looming at MultiChoice Broadcaster MultiChoice has announced that it will be shedding more than two-thousand jobs in a retrenchment drive. The bulk of affected employees are in the call and service centres. And the so called president says he will create joba This is as a result of MYANC economic and political policies. CR better start sorting out this economy..... Netflix 🤔?
Source: SABC News Online - 🏆 32. / 51 Read more »
Former Ministers implicated in corruption - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Koroneka Trading and Projects Director Babadi Tlatsana has implicated former ministers, Lynne Brown and Dipuo Peters in corruption. Tlatsana concluded her testimony at the State Capture Commission in Johannesburg on Saturday afternoon. And that is why nothing will come from this commission. The looting still goes on now. The thief and the prosecutor work together. gofigire
Source: SABC News Online - 🏆 32. / 51 Read more »
Five dead in Bloemfontein collision - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Free State police are investigating a case of culpable homicide after five people died in a collision between several cars near Bloemfontein. But why did she close her eyes while driving?
Source: SABC News Online - 🏆 32. / 51 Read more »
Satawu to explain missing pensions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South African Transport and Allied Workers Union (SATAWU), has moved to explain how R65 million worth of pension money went missing from its coffers. The money, meant for orphans of deceased mineworkers, was allegedly laundered by the union's former secretary general Zenzo Mahlangu, among others.
Source: SABC News Online - 🏆 32. / 51 Read more »
There will be water during planned shutdown: Joburg Water - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.There will be water during planned shutdown: Joburg Water Johannesburg Water has assured residents that there will be water for the entire duration of the planned shutdown by Rand Water from Monday. There is no water at olivedale retirement village.We were told from 24th not 22ndDO NOT LIE TO US
Source: SABC News Online - 🏆 32. / 51 Read more »