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The SABC ("South African Broadcasting Company") is "in debt" and needs an injection of 3.2 billion rand (1.9 billion euros) from the government to avoid a closure .
To make matters worse, the organization says it may not be able to pay employees' salaries for the month of June.
Bongumusa Makhathini, chairman of the SABC board, said, "I do not know how we will pay the salaries by the end of June.
"We have also maintained none of our infrastructure and a communication failure is imminent. We had planned 'Day Zero' in March, but we have been able to stay on the air so far. "
Makhathini also confirmed that the PSB had accumulated a debt of 1.9 billion rand (120 million euros) that he could not repay. "We owe SanTech about 337 million rand; we owe it to Supersport, who tells us about being able to cover sports, we have them about 223 million rand. We owe more than 10 million rand to the city of Joburg. "
"Can you imagine if the city of Joburg was saying that she wants all her money tomorrow, or if SanTech says," Guys are paying us something, otherwise we will be charged. "
SABC's financial situation reflects a larger problem in South Africa among state-owned companies. The Eskom and South African Airways electricity companies are both in a similar, cash – strapped state.
The government of President Jacob Zuma was allegedly pillaged and mismanaged for nine years. This is an allegation denied by the administration.
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