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SABC financial woes continue

NEWSWATCH: The financial woes at the SABC continue as it is revealed that the national broadcaster has been paying a monthly retainer of R500 000 to an agency since December last year for marketing purposes, and the contract doesn't specify a termination date, according to IOL, and on the pay-TV front, Super5Media has the go-ahead from ICASA to broadcast, but before the new licence is issued the channel will have to satisfy a number of conditions, says Business Report.

9 Nov 2009

For more:

IOL: SABC woes: new money revelations… The national broadcaster, despite its cash crisis, has paid R5.5m since last December to an agency to market the SABC's products.
Business Report: Icasa grants Super5Media new licence to broadcast… Regulator gives Super5Media the green light - with conditions.

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