Communications minister vows SABC will get bailout soon | IOL News

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Communications minister vows SABC will get bailout soon | IOL News
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Minister of Communications Stella Ndabeni-Abrahams has promised that the SABC could get a bailout as early as next week.

This comes after her discussions with Finance Minister Tito Mboweni on Friday on a rescue package for the public broadcaster.

However, he said, the government was taking a strong stance against entities which needed bailouts and would place chief reorganisation officers in those it was giving money to. President Cyril Ramaphosa has just appointed eight new members of the SABC board to meet the requirement of 12 non-executive directors following mass resignations which left it without a quorum.

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