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SABC: Another cash bash
NEWSWATCH: Just when you thought it couldn't get any worse... it does... The SABC may have to cough up a further billion or more, by courtesy of criminal, wasteful or wasteful spending, reports Business Day.
For more:
- Business Day: SABC facing R1bn in challenges, losses... And the circus continues... having been comparatively recently bailed out by the taxpayer, but just this week then telling us that it now needs a few hundred extra million for digital migration, it now seems - according to its own annual report, nogal, that our favourite broadcaster may need to cough up a billion or more thanks to criminal, irregular or wasteful expenditure written off for the 2009-10 financial year. What's more, SARS may want some unspecified taxes dating back to 2001-2, and the South African Music Performers Rights Association (Sampra) may be asking for "needle-time" royalties to be paid.
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