BEMAWU: Excitement brewing at SABC

Communications Minister Stella Ndabeni-Abrahams has assured the cash-strapped SABC of a financial lifeline. The minister announced interim financial relief from Treasury within ten days. Courtesy #DStv403

JOHANNESBURG - The Broadcasting, Electronic, Media & Allied Workers Union (BEMAWU), says there is excitement brewing at the SABC after long-awaited relief was announced for the cash strapped broadcaster.

Communications Minister Stella Ndabeni-Abrahams has assured the SABC of a financial lifeline.

The minister announced interim financial relief from Treasury within 10 days.

She says the balance will be released after 45 days.

WATCH: SABC bailout conditional, says Communications Minister

According to BEMAWU President Hannes du Buisson, It's not only the SABC employees who are happy but also the country as the SABC had been struggling for a long time.

"It is very bad at the SABC, if it wasn't for the goodwill of the suppliers, the SABC would have been off the air a while ago."

The public broadcaster has been struggling to pay debts and facing possible job cuts.

Ndabeni-Abrahams says the bailout isn't unconditional.

"Finally, government is actively looking at strengthening the South African Broadcasting Corporation.

READ: 'Day Zero' looming for SABC

"As we reported in the Portfolio Committee last week, we continue to engage with National Treasury on a lasting financial solution for the public broadcaster," Ndabeni-Abrahams said.

"To this end, working with the National Treasury, we will in the next 10 days provide a portion of the interim relief and the remaining balance within the next 45 days. However, this is subject to the SABC meeting all the set conditions and requirements.

"In this regard, we will work with the Minister of Finance towards an institutional mechanism to support the turnaround effort, and this includes the appointment of the CRO."

The SABC will receive a bailout to rescue it from financial ruin. Courtesy #DStv403

Source
eNCA