PARLIAMENT – Communications Minister Stella Ndabeni-Abrahams on Wednesday promised urgent financial relief for the troubled South African Broadcasting Corporation (SABC), and more in the following month.
Delivering her department's budget vote speech, Ndabeni-Abrahams said a tranche of earmarked financial assistance would be released within "the next 10 days, with the remaining balance in the next 45 days".
However, this would be conditional on the SABC complying with set conditions and requirements, relating to its turnaround plan.
The process would be overseen with the help of Finance Minister Tito Mboweni, she added.
The SABC said earlier this week that its precarious financial situation was getting worse, as it was reported that Mboweni declined its application for a R3.2 billion government guarantee.