The SABC will at least be able to pay some of its long-overdue bills. The public broadcaster has been granted an R3.2-billion cash injection. The SABC will however only receive R2.1-billion of the R3.2-billion bailout.
Communications Minister Stella Ndabeni-Abrahams says more conditions need to be met before a further R1-billion will be paid. Of the eight pre-conditions, the SABC has fully met five, partially met two, while one has not been met.
Minister Ndabeni-Abrahams also acknowledged the broadcaster’s initial request of R6.8-billion and says more cash injections will be considered.
In other news – Government working on reducing electricity cost – Mantashe
Mineral Resources and Energy Minister Gwede Mantashe said on Thursday that the government was pushing for the reduction of the cost of electricity to save the economy from a complete collapse.
Mantashe told delegates at the Joburg Indaba economic growth in South Africa had been hampered by high electricity costs. He said if the cost of electricity could be brought down, the government would have won half the economic battle, “If we are going to win that, the price of electricity must be at the right level,” said Mantashe. Read more
Source: eNCA
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