SABC applies for R3bil bailout

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The SABC has applied to receive R3 billion in bailout funds from government.

This was revealed yesterday after MPs in the Standing Committee on Finance received confirmation from the National Treasury.

SABC interim board chairperson, Khanyisile Kweyama revealed in May that the public broadcaster had applied for a bailout after posting a R509 million loss during the end of the last financial year quarter.

The DA is not pleased that the amount was kept secret for a while. “The DA has on several occasions requested that the Minister of Communications, Ayanda Dlodlo, make the SABC’s financial requirements public and consult Parliament on the proposed bailout. However, she refused, stating that the amount does not matter,” the party’s Phumzile van Damme said.

“The DA will now write to the Chairperson of the Communications Committee, Humphrey Maxegwana, to request that the Minister appear before the Committee when Parliament reconvenes to give a briefing on the SABC’s finances, as well give full details about the requested financial assistance,” she said.