Today's Labour News

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sabcEWN reports that Parliament’s portfolio committee on communications wants Minister Stella Ndabeni-Abrahams to move with speed to resolve the liquidity crisis at the SA Broadcasting Corporation (SABC).  

The committee indicated on Tuesday that it expect a new turnaround strategy for the public broadcaster in two months’ time.  It emerged earlier this week that Finance Minister Tito Mboweni had turned down the corporation’s application for a much-needed R3.2 billion government guarantee.  Meanwhile, the SABC confirmed earlier this week that its financial situation was deteriorating, with its liquidity crisis threatening workers’ wages and payments to service providers.  Apparently, when Treasury declined the SABC’s application for the guarantee, it was because the department was not happy with the broadcaster’s turnaround strategy.  The portfolio committee said Ndabeni-Abrahams must continue talking with the SABC and Treasury to resolve the financial challenge and finalise an enhanced turnaround strategy.

  • Read the full original of Clement Manyathela’s report in the above regard at EWN
  • Read the Portfolio Committee’s press statement at Parliamentary News

Get other news reports at the SA Labour News home page