Parliament suggests engaging Treasury to resolve 'serious crisis' at SABC
Members of Parliament are not convinced of the State broadcaster’s turnaround plan, despite its projection of a slight growth in revenue.
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Members of Parliament are not convinced of the State broadcaster’s turnaround plan, despite its projection of a slight growth in revenue.
Deputy Minister Philly Mapulane told Parliament that the SABC was not only technically bankrupt, it also owed broadcasting signal distributor Sentech over R700 million, which is more than half the entity’s revenue.
The government wants the SABC’s proposed commercial arm to be excluded from the Public Finance Management Act so it is not bound by the transacting and reporting requirements of the legislation.
The telecoms regulator gives operators until month-end to settle outstanding spectrum fees, to realise the full R14.4 billion raised from the “historic” auction process.
The bidders include Vodacom, MTN, Rain, Telkom, Cell C and Liquid Telecom and they all obtained spectrum licenses.