Minister of Communications Engages the Task Team Responsible for the SABC Bank Guarantee Process

media statement banner amendedThe Minister of Communications, Ms Stella Ndabeni-Abrahams, today met with the task team working on the recapitalisation of the SABC.

The team sought to provide Minister with a progress update as she prepares to pursue Cabinet approval for the allocation of an SABC Government bailout. This will enable the public broadcaster to normalise operations and position it for a turnaround.

The task team comprises of senior officials from the Department of Communications, National Treasury and the SABC.

Minister Ndabeni-Abrahams appreciated the progress made and reiterated to the team that restoring the SABC’s financial sustainability is of vital importance as this will enable it to deliver on its public service mandate to inform, educate and entertain.

Further, noting the corporate governance issues emanating from an inquorate board, the Minister indicated that whilst Section 13 (1) of the Broadcasting Act of 1999 as amended, provides that "…non-executive members of the board must be appointed by the President on the advice of the National Assembly," she will, in terms of her shareholder responsibilities, continue engaging parliament to bring finality to this matter.

The Minister lastly reiterated her unreserved apology for the incident involving SABC journalists, amongst others.

ENDS

ISSUED BY THE MINISTRY OF COMMUNICATIONS

Enquires: Nthabeleng Mokitimi-Dlamini on 073 222 5522