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'The R3.2bn SABC bailout is more focused on the broadcaster's debts'

4 October 2019 12:48 PM
Tags:
SABC
sabc retrenchments
SABC bailout
Communications director general Nomvuyiso Batyi says the funding does not necessarily mean retrenchments have been ruled out.

The South African Broadcasting Corporation (SABC) will receive a bailout of R3.2b from National Treasury, Communications Minister Stella Ndabeni-Abrahams announced on Friday.

The minister said R2.1b would be transferred on Monday while the remaining R1.1b will be transferred once the broadcaster has met all conditions.

One of the requirements the Treasury wanted from the cash-strapped public broadcaster was the appointment of a restructuring officer to lead a turnaround strategy.

Clement Manyathela speaks to the Department of Communications director general Nomvuyiso Batyi.

RELATED: SABC bailout a reward for incompetence and corruption - Sikonathi Mantshantsha

This is a short-term funding that has been appropriated for the SABC. It will go a long way in alleviating the pressure as far as the creditors that the SABC owes.

Nomvuyiso Batyi, Director general - Department of Communications

RELATED: Department of Communications sets conditions for SABC financial relief

At this point, there is no call for retrenchments. The SABC will advise how it sees the future of the SABC.

Nomvuyiso Batyi, Director general - Department of Communications

The funding does not necessarily mean retrenchments have been ruled out. This is more focused on the debts of the SABC.

Nomvuyiso Batyi, Director general - Department of Communications

Listen to the full interview below...


This article first appeared on 702 : 'The R3.2bn SABC bailout is more focused on the broadcaster's debts'


4 October 2019 12:48 PM
Tags:
SABC
sabc retrenchments
SABC bailout

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