Johannesburg - The SABC can only be saved with improved government support and capital injection, the Zondo commission has heard.
The chief executive officer at the SABC Mzwamadoda Mxakwe painted a gloomy picture of the crisis facing the public broadcaster and the effort to turn it around from the brink of collapse.
Mxakwe is part of a group of SABC executives that testified at the state capture inquiry in the commission’s investigation of corruption at the organisation.
He said the broadcaster was insolvent and in need of a cash injection. The issues at the organisation are so bad that employees are often worried when payday approaches as to whether their salaries will be paid.
“The SABC is technically insolvent. We look at the short-term liabilities that exceed our liquid assets, we cannot pay our creditors which today stand at R1,8 billion. We have not been able to pay MultiChoice and some of our other creditors,” Mxakwe said.