Communications Minister, Stella Ndabeni Abrahams has just announced that the SABC will be receiving two-point-one billion rand on Monday as part of the three-point-two billion rand bail out.
Ndabeni-Abrahams says of the eight preconditions by National Treasury, the SABC has fully met five, partially met two, whilst one has not been.
“It is noted that the SABC turnaround requires more than the R3.2 billion short-term funding. However, the public broadcaster was required to submit a fit-for-purpose turnaround plan which would respond to short – medium and long-term requirements”, said Ndabeni-Abrahams.
source: sabc & sa gov