South African national broadcaster could go under: reports

    SABC is struggling with nearly R2 billion (USD 140 million) in debt
    The broadcaster has reportedly applied for a government bailout to the tune of R3.2 billion.
    The broadcaster has reportedly applied for a government bailout to the tune of R3.2 billion.

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    South Africa's beleaguered public broadcaster may be headed for complete blackout, sagging under the weight of nearly R2 billion (USD 140 million) in debt.

    According to media reports in South Africa, the broadcaster may not be able to meet one of its most basic obligations at the end of June – paying its employees’ salaries.

    Seeking relief from its financial crisis, executives of the national broadcaster met with Minister of Communications Stella Ndabeni-Abrahams and, according to the City Press of South Africa, it was stated in the meeting that a complete blackout was inevitable if the SABC does not receive urgent help.

    The broadcaster has reportedly applied for a government bailout to the tune of R3.2 billion.

    However, the City Press reports delay in granting the bailout, as the government negotiates with other vulnerable state-owned enterprises.

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