South Africa: SABC Bailout - What Bailout?


It seems that entities such as Eskom, SAA and Denel don't need to make any real reforms before they get massive bailouts. Yet not so with the SABC. If ever our government wanted a positive story around public institutions, the SABC should be it. But it needs a bailout -- to stabilise its finances and to continue rebuilding.

We will in the next 10 days provide a portion of the interim relief and the remaining balance within the next 45 days. However, this is subject to the SABC meeting all the set conditions and requirements. - Minister Stella Ndabeni-Abrahams, 10 July 2019.

It's now 30 working days later and still no sign of any of the bailout. What on earth is going on?

Our government needs another crisis like Donald Trump needs more right-wing voters. Between the economy, corruption, scandals, misinformation and of course the failing state-owned entities, our climate crisis, despicable levels of inequality and poverty, it's enough to make the most optimistic person want to run away to an island and drink rum on a sun-soaked beach and never pretend to be optimistic again.

But it doesn't have to be this way. We can get angry, or we...

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