Dlodlo confirms interim SABC board bailout request
Communications Minister Ayanda Dlodlo said the SABC racked up an operating loss of more than R500 million in the first quarter of this year.
PARLIAMENT - Communications Minister Ayanda Dlodlo has confirmed receiving the South African Broadcasting Corporation (SABC) interim board’s proposal for a bailout for the cash-strapped public broadcaster.
Dlodlo briefed journalists at Parliament on the outcomes of Wednesday’s Cabinet meeting.
She told the National Assembly on Wednesday the public broadcaster racked up an operating loss of more than R500 million in the first quarter of this year.
Dlodlo says she had first sight of the funding proposal from the SABC when her work day ended on Wednesday night.
She’s not saying how much the interim board says will be needed to help keep the public broadcaster afloat.
“Whatever amount is on the document ... I wouldn’t want to talk about it, and I wouldn’t want to commit myself to that figure.”
Dlodlo says the digital migration programme, among other things, is not covered by the funding proposal.
She says her financial team will be taking her through the request ahead of meetings with Treasury to find a lasting solution to the SABC’s financial woes.
(Edited by Zamangwane Shange)