• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

SABC will repay loan soon, says Pule

May 21 2013 11:26

Cape Town - The SABC will repay its government guaranteed loan of R1bn in full within the next few months, Communications Minister Dina Pule said on Tuesday.

Introducing her budget vote debate in the National Assembly, Pule said the state broadcaster was accelerating its pay back plan.

"The SABC plans to pay the outstanding balance of R220m within four months," she said.

The R1bn Nedbank loan was granted in 2009 after the broadcaster reported cash flow problems.

Pule said the SABC would be able to meet its obligations in terms of digital terrestrial television (DTT) - migrating from analogue to digital broadcasting.

"The SABC can immediately migrate these three existing channels to the DTT platform and launch new channels in due course," she said.

However, governance arrangements at the broadcaster were still bothering the minister.

"I will be consulting with the portfolio committee on communications to explore an urgent review and amendment to the Broadcasting Act," she said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote