Four SABC board members resign

File: The South African Broadcasting Corporation and the Premier Soccer League have reached an agreement on the broadcasting of live football matches on radio. 

File: The South African Broadcasting Corporation and the Premier Soccer League have reached an agreement on the broadcasting of live football matches on radio. 

JOHANNESBURG - Four SABC board members have resigned.

Mathatha Tsedu is the lastest board member to quit.

He joins Krish Naidoo, deputy chairperson Khanyisile Kweyama and John Mattison who have now stepped down.

READ: SABC silent on reports of board members' resignations

It was reported that the resignation letters reportedly dive deeper into the pressing issues of lack of funds, and disagreements over retrenchments at the public broadcaster.

In the 2016 financial year, the SABC recorded a net loss of close to R1-billion.

Last year losses were down to R722-million. 

With R26-million in the bank at the end of August and R694-million owed to creditors, the SABC was faced with liquidity challenges and could not pay its bills.

Four members of the SABC board have resigned in the past few days meaning the board will not have a quorum until a new one is appointed. Courtesy #DStv403