Muthambi: SABC has a ‘positive cash balance’
26 August 2016
Pretoria - Communications Minister Faith Muthambi has played down concerns of possible financial losses at the SABC.
Earlier this year, the Sunday Times reported that an internal SABC document revealed that the broadcaster was expected to post a final loss of R500m in September 2016.
The Sunday Times reported that this loss is expected despite SABC COO Hlaudi Motsoeneng’s claims that the broadcaster is in a healthy financial position.
But Muthambi - speaking to Fin24 on the sidelines of a Print Media Transformation Colloquium in Tshwane on Thursday - echoed Motsoeneng’s claims.