SABC to receive R2bn lifeline from government

[Jopie Fourie]

The SABC will receive R2.1bn from Treasury on Monday October 7, 2019, Minister of Communications and Digital Technologies, Stella Ndabeni Abrahams said.

The minister on Friday briefed media on the funding allocation to the national broadcaster, which recently reported a loss of R482m for the year ended March 31, 2019.

The SABC has sought a R3.2bn cash injection from Treasury, but has had to meet eight preconditions before any approval can be granted.

The SABC has only met five of the eight conditions. Treasury has agreed to allocate R2.1bn to the broadcaster. The remaining R1.1bn will be approved when the other conditions are met, Ndabeni-Abrahams said.

More to follow.

SABC to receive R2.1bn lifeline from government | Business

The SABC will receive R2.1bn from Treasury on Monday October 7, 2019.

www.fin24.com

 

[Jopie Fourie]

Propaganda machine must work and it is the responsibility of the tax payer to ensure it does.

 

[NarrowBandFtw]

@Moody's Ratings Agency
time to grow a pair and stop taking the bribes to pretend our shyte don't smell

 

[ToxicBunny]

What were the 8 conditions, and which were met and which weren't?

 

[OCP]

What were the 8 conditions, and which were met and which weren't?

This

0 transparency as always.

 

[ArtyLoop]

Was wondering when the bail-out would come.

 

[Drifter]

Throw money around, we can just print more.

 

[Vrotappel]

Wow.

 

[Vrotappel]

Expect SARS to go out full force before 28 Feb to further milk the taxpayer. Gotta feed the piggies.

 

[Jopie Fourie]

Expect SARS to go out full force before 28 Feb to further milk the taxpayer. Gotta feed the piggies.

It's okay, even more tax payers will be forced to leave the country due to increasing taxes.

 

[santaman202]

More money to steal, cadres must be ecstatic !

 

[surface]

This has to got to be most horrible abuse of money in this presidency. Just shut down SABC and use it as a prison.

 

[gottagoon]

Useless #£@&£#£& cadres

 

[ProfA]

New dawn and his disciple Pravin

Wonder where the sheep on this forum are who fell for it?

 

[Solarion]

Cadres at SABC to receive R2bn lifeline trough refilling from government

Much better

 

[BeerIsNotGood...]

Much better

Wrong color though...

 

[Pineapple Smurf]

and that is why i have stopped paying my tv licence, im already paying for it every year in terms of government handouts, tsek #ANC and #SABC the tribe has spoken

 

[surface]

New dawn and his disciple Pravin

Wonder where the sheep on this forum are who fell for it?

I don't know about others but I tell you the incompetence at luthuli is astounding. They sent me a chicken takeaway knowing fully well that I am a vegetarian. As you can see, I have complained 2 posts above. Others probably happy with chicken.

 

[John Tempus]

I am waiting for the next adjustment to certain taxes on products that only south africans who are already tax payers would actually buy.

They will have to find an additional route towards more taxes without affecting the 90% super poor south africans in order to retain their votes.

 

[Milano]

Should have done the right thing and pulled the plug.