Communications Minister Stella Ndabeni Abrahams has just announced that the SABC will receive R2.1bn as part of a R3.2bn bailout. The ANC regime is pumping billions of rand into the ineffective SOE and has now been warned that no further aid will be provided.
The struggling national broadcaster once again got money from the state coffers to continue its mismanagement. However, the government apparently set strict conditions before the money was released. The conditions include that the public broadcaster must present a list of identified initiatives to improve its inputs, submit ideas to save costs as well as conduct a thorough investigation into the cause of its financial collapse and a separate financial reporting for providing public and commercial broadcasting services. Abrahams says that the SABC currently meets most of the conditions set by the government.
Meanwhile, experts say that the SABC should first get rid of its weakest divisions, but its sale will
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