• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

SABC will repay loan soon, says Pule

May 21 2013 11:26
Sapa

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.

sabc

 
 
 

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
4 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

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 drop in inflation:

Previous results · Suggest a vote

Loading...