The SABC to get 3.2 billion government bailout. The public broadcaster's finances have been in a state of crisis.
SABC have been critical of being underfunded by the government, which is arguably a contributing factor to their ongoing financial crisis. The public broadcaster receives approximately 3% of funding from the government with the remaining funding sourced from TV license fees, advertising, sponsorship and commercial partnerships.
Yet these additional sources of funding have also seen a decline in revenue,which further adds to its sustainability concerns.
More updates to follow: