20°C / 22°C
  • Tue
  • 29°C
  • 12°C
  • Wed
  • 29°C
  • 11°C
  • Thu
  • 33°C
  • 15°C
  • Fri
  • 32°C
  • 18°C
  • Sat
  • 31°C
  • 16°C
  • Sun
  • 33°C
  • 16°C
  • Tue
  • 21°C
  • 11°C
  • Wed
  • 17°C
  • 11°C
  • Thu
  • 19°C
  • 11°C
  • Fri
  • 18°C
  • 13°C
  • Sat
  • 18°C
  • 13°C
  • Sun
  • 18°C
  • 13°C
  • Tue
  • 31°C
  • 13°C
  • Wed
  • 31°C
  • 12°C
  • Thu
  • 35°C
  • 18°C
  • Fri
  • 32°C
  • 19°C
  • Sat
  • 34°C
  • 20°C
  • Sun
  • 36°C
  • 19°C
  • Tue
  • 32°C
  • 13°C
  • Wed
  • 30°C
  • 13°C
  • Thu
  • 36°C
  • 15°C
  • Fri
  • 32°C
  • 21°C
  • Sat
  • 34°C
  • 19°C
  • Sun
  • 35°C
  • 18°C
  • Tue
  • 18°C
  • 14°C
  • Wed
  • 28°C
  • 16°C
  • Thu
  • 23°C
  • 17°C
  • Fri
  • 27°C
  • 17°C
  • Sat
  • 27°C
  • 20°C
  • Sun
  • 25°C
  • 20°C
  • Tue
  • 17°C
  • 12°C
  • Wed
  • 19°C
  • 12°C
  • Thu
  • 19°C
  • 13°C
  • Fri
  • 24°C
  • 16°C
  • Sat
  • 19°C
  • 15°C
  • Sun
  • 20°C
  • 13°C
  • Tue
  • 23°C
  • 9°C
  • Wed
  • 17°C
  • 10°C
  • Thu
  • 21°C
  • 9°C
  • Fri
  • 20°C
  • 13°C
  • Sat
  • 18°C
  • 9°C
  • Sun
  • 17°C
  • 9°C
  • Tue
  • 19°C
  • 10°C
  • Wed
  • 16°C
  • 12°C
  • Thu
  • 20°C
  • 12°C
  • Fri
  • 20°C
  • 13°C
  • Sat
  • 17°C
  • 12°C
  • Sun
  • 16°C
  • 12°C
  • Tue
  • 35°C
  • 17°C
  • Wed
  • 33°C
  • 15°C
  • Thu
  • 36°C
  • 18°C
  • Fri
  • 35°C
  • 21°C
  • Sat
  • 36°C
  • 22°C
  • Sun
  • 37°C
  • 19°C
  • Tue
  • 30°C
  • 10°C
  • Wed
  • 28°C
  • 14°C
  • Thu
  • 31°C
  • 10°C
  • Fri
  • 33°C
  • 15°C
  • Sat
  • 31°C
  • 15°C
  • Sun
  • 31°C
  • 12°C
  • Tue
  • 18°C
  • 13°C
  • Wed
  • 33°C
  • 13°C
  • Thu
  • 29°C
  • 17°C
  • Fri
  • 36°C
  • 15°C
  • Sat
  • 35°C
  • 19°C
  • Sun
  • 37°C
  • 19°C
  • Tue
  • 17°C
  • 10°C
  • Wed
  • 19°C
  • 11°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 27°C
  • 14°C
  • Sat
  • 18°C
  • 13°C
  • Sun
  • 20°C
  • 11°C

Ndabeni-Abrahams: SABC to receive R3.2bn bailout from National Treasury

The minister made the announcement at a media briefing in Tshwane this morning.

Picture: Supplied.

JOHANNESBURG - Communications Minister Stella Ndabeni-Abrahams has announced that the South African Broadcasting Corporation (SABC) will receive a bailout of R3.2 billion from National Treasury.

Ndabeni-Abrahams made the announcement at a media briefing in Tshwane on Friday morning.

The minister said R2.1 billion would be transferred to the SABC on Monday while the broadcaster would the R1.1 billion once all the conditions were met.

“The remaining balance of R1.1 billion will be transferred once the public broadcaster meets the remaining three outstanding preconditions or firmly demonstrates evidence to fully comply,” she said.

Ndabeni-Abrahams said the SABC didn’t meet all the pre-conditions set by Treasury and would only be getting a portion of the bailout.

“The SABC submitted an updated response to the set preconditions on 30 August 2019. These were jointly assessed by National Treasury and the Department of Communication, revealing that out of the eight preconditions, the SABC has fully met five, partially met two, and one wasn’t met.”

The public broadcaster announced this week it had met government’s pre-conditions for the bailout. The SABC needed about R3.2 billion from National Treasury.

One of the requirements Treasury wanted from the cash strapped public broadcaster was the appointment of a restructuring officer to lead a turnaround strategy.

WATCH: Ndabeni-Abrahams announces SABC bailout

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus