The SABC group announced that their cash flow was under pressure and reported in a letter to their suppliers, creditors and producers that they would postpone all payments until a later date.
Financial pressure puts the broadcaster in a position that will not be solved in the short term. Expenses are exceeded by their income.
According to Kaizer Kganyago, he can not understand why people are surprised at the SABC’s financial position as it is not the first time they can are unable to pay their creditors.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
