Friday, February 1, 2013

ADVISORY. SABC calls a press conference for news about the public broadcaster's government bailout loan of R1,47 billion.

The SABC has called another one of its late afternoon Friday press conferences at short notice which will be taking place at the SABC's Auckland Park headquarters today.

The SABC will either announce that the South African public broadcaster has paid back the R1,47 billion government guaranteed loan the SABC received as a bailout in 2009 from Nedbank, or that the SABC will soon do so.

Insiders are waiting to see Hlaudi Motsoeneng, the SABC's acting chief operating officer (COO) and who lives the limelight, talk at this afternoon's press conference instead of the SABC's CEO, Lulama Makhobo.