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SABC's debt close to R700m
SABC’s debt close to R700m
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The SABC is currently close to R700m in debt.
The public broadcaster owes its creditors R694m, with further accruals of R475m expected, SABC chief financial officer Yolande van Biljon told the Portfolio Committee on Communications on Tuesday.
Furthermore, by the end of this month, the SABC will have only R26m in its bank account, after salaries and about 25% of the outstanding debt will…
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