Sentech is in a dire financial situation

[mylesillidge]

Another state-owned company in deep trouble in South Africa

State signal distributor Sentech's ongoing dispute with the South African Broadcasting Corporation (SABC) has taken a disastrous toll on its finances.

National Treasury has intervened to provide funding to Sentech, which is no longer a going concern, meaning it is no longer seen as financially stable enough to continue operating for the foreseeable future.

 

[ThinkCentre]

With streaming, we don't need any of this!

 

[oros]

The writing is in the wall again....

 

[Quicks]

Another SURPIRSE! Not.

ANC must keep record of the F-ups they have made no, or is it all just for fun?

 

[Fuzzbox]

IM SHOCKED.

 

[gogga_]

Just another ANC Cadre success story!!!!!!!!!!

 

[konfab]

Just turn it off. I doubt anyone is really going to riot if they cannot watch generations.

 

[avr-rulez]

Don't forget they are also responsible for radio signals.

 

[Bad Ballie]

"Sentech still awaits the adjustment allocation letter so it can understand the conditions for the funding." - What is the implication here, it's not as if Sentech would ever say the conditions are unacceptable, they will simply take the money and keep on going.

 

[Smiggles]

 

[bwana]

State signal distributor Sentech's ongoing dispute with the South African Broadcasting Corporation (SABC) has taken a disastrous toll on its finances.

Two defunct agencies wasting even more money fighting amongst themselves?

 

[RedViking]

Excellent! Rename it. Problem solved.

 

[MrGray]

The transition to digital television is finally here!

They have elegantly resolved the never-ending digital saga by using only the 0.