Minister Godongwana To Step In To Stabilise Anxious Telkom, SABC – Xavier Radio Ug

Finance Minister Enoch Godongwana has committed to stepping in to stabilise two of the country’s most terrorized allege owned entities, Telkom and the South African Broadcasting Corporation (SABC).
Government’s intervention comes as both parastatals had been grappling with financial stress for years, with Telkom even going thru the specter of liquidation attributable to its deteriorating financial space.
Godongwana confirms that Treasury will bound first to resolve the SABC’s billion rand debt owed to Sentech, a most essential step geared toward easing the broadcaster’s immediate financial stress.
He reiterates that right here’s one amongst two pressing matters he goes thru.
The Minister extra publicizes that the next section to be undertaken all the arrangement thru the course of the year will focal point on addressing the SABC’s extreme infrastructural decay, acknowledging the dire allege of the corporation’s companies and products and transmission programs.

Godongwana has acknowledged the dire allege of the SABC’s companies and products.
“What I’m doing on the 2nd is to support to two components that are pressing. One is steer trudge of the liquidation of the Post Put of work. Secondly, it’s to prefer a scrutinize at to resolve the SABC debt with Sentech. The following section, all the arrangement thru the course of the year, is to support to the SABC infrastructure, which must be attended. I made that time all the arrangement thru the budget speech that we are going to support to this matter all the arrangement thru the course of the year.”
The Department of Communications has welcomed a R700 million allocation, a allotment of which must bound toward settling debts. – Further reporting by Tshimangadzo Rhulani
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