Three SABC board members resign: report

JOHANNESBURG - eNCA has learned that three members of the SABC board have resigned.

The public broadcaster has been under financial strain recently.

Years of mismanagement and questionable policies like the 90/10 music policy have seen advertisers pull out, putting the public broadcaster in a precarious financial position. 

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

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.