SABC wants R3-billion bailout – DA

The SABC has applied for a R3-billion government bailout, according to DA Shadow Minister of Communications Phumzile Van Damme.

Van Damme said in a presentation to the Standing Committee on Finance, National Treasury revealed that a R3-billion guarantee was being considered for the SABC.

“It is no secret that the SABC is currently facing immense financial upheaval due to the destructive decision making by its former executives and board,” said Van Damme.

R3 billion, however, is an “astonishing amount of money”, she said.

“The DA will now write to the Chairperson of the Communications Committee to request that the Minister appear before the Committee when Parliament reconvenes to give a briefing on the SABC’s finances.”

Now read: SABC recommendations adopted despite objections from opposition

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SABC wants R3-billion bailout – DA