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Johannesburg - The SABC is not insolvent, its acting group chief executive Gab Mampone said on Thursday.
"Also, we are not under liquidation," he said at a briefing in Johannesburg.
The national broadcaster was reacting to reports that it was financially strapped to the extent that it could not pay its creditors.
"We are concerned, but are not in crisis mode," said the broadcaster's finance board committee chairwoman Gloria Serobe.
The SABC was facing a R784m deficit. Much of this was cancelled advertising spending because of the global financial crisis.
The corporation had since implemented an austerity plan and hoped it would be R55m in the black by 2010. Retrenchments of permanent staff were not on the cards at this stage, said Mampone.
Although salaries were being paid from an overdraft this was a standard business practice.
The corporation could afford to pay said salaries, said Serobe.
She emphasised that all the responsibility required of the corporation, such as delivering on the elections, the Confederations Cup and the 2010 World Cup soccer tournament "will be delivered".