Source of SOE bailouts fast drying up: Khaya Sithole

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Published Jun 17, 2019, 10:45 AM

The SABC has found itself in yet another serious financial predicament. It reportedly needs R3.2 billion to stay afloat and has applied for yet another government bailout. But “the problem with the state of perpetual bailouts is that the source of funding is fast drying up”, says chartered accountant and commentator Khaya Sithole. He was in conversation with Tumisang Ndlovu on POWER Update on Monday.

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