Cape Town - "We are facing a financial crisis," admitted James Aguma, acting SABC CEO to the parliamentary portfolio committee on communications on Wednesday morning.
This is in stark contrast to Aguma's and other SABC officials' previous statements to the committee on financial matters.
In February, Aguma would only go as far as to say there are "issues", and in August 2016, Aguma and others said everything was hunky dory at the public broadcaster.
Much has changed since then.
An ad hoc committee of the National Assembly made damning findings against the SABC, there is a new, interim board, a new minister, Ayanda Dlodlo, and Hlaudi Motsoeneng, former COO, has been ordered by a court not involve himself in the running of the SABC.
Losses