SABC needs R3.2bn government backing to avoid shutdown

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The South African government is considering a R3.2bn guarantee for the country’s cash-strapped national broadcaster to help it raise money from lenders, according to the Sunday Times.

The broadcaster is saddled with large debts to the municipality, signal distributors and Pay TV business Multichoice, the newspaper reported, citing the chairman of SABC Bongumusa Makhathini.

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