Cabinet has announced that efforts are under way to assist the SABC to raise…

Please log in or register to like posts.
Nuus

Cabinet has announced that efforts are under way to assist the SABC to raise R3.2 billion rand as interim funding from commercial banks. Following its meeting on Wednesday, Cabinet welcomes the efforts, saying they will ensure that the public broadcaster is able to meet its funding requirements between now and September this year. Cabinet says it remains committed to supporting the corporation. In his budget speech last month Finance Minister, Tito Mboweni announced the need to support state-owned enterprises (SOEs) that are in financial distress, to receive funding currently allocated to the contingency reserve. These SOEs include the SABC.


Reactions

0
0
0
0
0
0
Already reacted for this post.

Reactions

Nobody liked ?

3 comments on “Cabinet has announced that efforts are under way to assist the SABC to raise…

Leave a Reply

Your email address will not be published.