The SABC could be headed for business rescue
Katlego Sekhu TV Licence amnesty (SABC-TV-Licence logo) According to reports, the SABC is in financial distress and could be forced to apply for business rescue. The Sunday Times reports that the national broadcaster looks set to announce losses of more than R1 billion for the past financial year. The constant loadshedding and the state of the economy were some of the things the national broadcaster attributed to its financial turmoil. […]