The SABC says it will not reverse the six percent salary increase given to employees for the current financial year.
The SABC board says it will by the end of January 2020 submit all the necessary documents to government required to fulfil the requirements of the three outstanding preconditions for the remaining R1.1 billion of the bailout to be released.
The South African Broadcasting Corporation (SABC) has reduced its net losses by 35 % in the 2018/2019 financial year.
The South African Broadcasting Corporation’s (SABC) Board Chairperson, Bongumusa Makhathini, says the bail out from Treasury will come in handy for the public broadcaster’s road to recovery.
SABC board chairperson Bongumusa Makhathini says the bailout it has been seeking from government will help it realise the SABC’s strategic goals.