Streaming issues? Report here
volume_up
volume_mute

Home
arrow_forward
Politics

Department of Communications sets conditions for SABC financial relief

11 July 2019 1:42 PM
Tags:
SABC
SABC financial woes
SABC bailout
Director general Nomvuyiso Batyi says the department is still engaging potential funders and lenders.

The SABC may receive some financial relief from Treasury within the next 10 days if it abides by certain preconditions, says the Department of Communications.

It emerged earlier this week that Finance Minister Tito Mboweni turned down the corporation’s application for a much-needed R3.2bn government guarantee. The broadcaster has been given two months to present a feasible turn-around strategy to Parliament.

Director general Nomvuyiso Batyi says the department is still engaging potential funders and lenders.

Because this still falls after the appropriation period of national strategy, we are engaging with funders and lenders so within the next 10 days, subject to them performing on the conditions, then the money will be made available.

Nomvuyiso Batyi, Director general - Department of Communications

It is just preconditions of getting their house in order - ensuring that they have cash-flow statements that have projections for a year to 18 months.

Nomvuyiso Batyi, Director general - Department of Communications

The next point is that myself and the DG of National Treasury, we are looking at other options.

Nomvuyiso Batyi, Director general - Department of Communications

Click on the link below to hear more...


This article first appeared on 702 : Department of Communications sets conditions for SABC financial relief


11 July 2019 1:42 PM
Tags:
SABC
SABC financial woes
SABC bailout

More from Politics

191020mmusi

[WATCH] Maimane resigns as DA leader, Trollip follows

23 October 2019 6:22 PM

DA leader Mmusi Maimane has thrown in the towel. He announced his resignation at a media briefing on Wednesday afternoon.

Share this:
Read More arrow_forward

mmusi-maimane-resignsjpegjpg

READ: Mmusi Maimane’s resignation address

23 October 2019 6:03 PM

Mmusi Maimane resigned as the leader of the Democratic Alliance (DA) on Wednesday.

Share this:
Read More arrow_forward

191023-mmusi-maimane-edjpg

Mmusi Maimane resigns as DA leader, Athol Trollip confirms party exit

23 October 2019 5:23 PM

Maimane’s resignation comes two days after Herman Mashaba announced his resignation from the party and subsequently as Johannesburg mayor.

Share this:
Read More arrow_forward

191020mmusi

Is DA leader Mmusi Maimane about to quit?

23 October 2019 1:24 PM

“He might have calculated there’s no way out,” says Dr Somadoda Fikeni, a political analyst at Unisa.

Share this:
Read More arrow_forward

180206bonteheuwelstationjpg

When does a township become a suburb? Bonteheuwel's drive to change perceptions

23 October 2019 7:43 AM

Bonteheuwel Ward Councillor Angus McKenzie is fighting to have the Cape Flats area perceived as a suburb that drives investment.

Share this:
Read More arrow_forward

Herman Mashaba

DA to decide if Herman Mashaba will serve his notice period or get cut loose

22 October 2019 4:55 PM

It's reported that some senior members of the Democratic Alliance want Mashaba's membership terminated with immediate effect.

Share this:
Read More arrow_forward

Eskompresser_0632

Should Pravin Gordhan get more power?

22 October 2019 3:29 PM

The Department of Public Enterprises wants more power to oversee SOEs. Bruce Whitfield interviews Investec’s Nazmeera Moola.

Share this:
Read More arrow_forward

Mkhuleko Hlengwa

'Ministers snubbing Scopa meeting on Eskom debt undermine Parliament'

22 October 2019 1:29 PM

Chairperson Mkhuleko Hlengwa says it is unacceptable for officials not to attend this engagement.

Share this:
Read More arrow_forward

191021balekajpg

'Mbete faced difficult questions. She has done a lot in terms of responding'

22 October 2019 11:00 AM

Xolani Xala (SA Business Abroad) defends his defence of ANC stalwart Baleka Mbete’s "car crash" interview on Al Jazeera.

Share this:
Read More arrow_forward

screengrab-from-video-courtesy-eliane-jabbourpng

[WATCH] Lebanese protestors sing 'Baby Shark' to comfort frightened baby

22 October 2019 10:14 AM

It was a lighter moment after protests began last week against proposed new taxes and in favour of land reforms.

Share this:
Read More arrow_forward