BREAKING. SABC warns the government that it might . . . ask for more money after last year's bail-out due to a possible ''new deficit''.

In a report that the SABC board made to the parliamentary portfolio committee on communications the SABC board says the South African public broadcaster will not be able to pay back its debt repayment of R150 million to Nedbank in February 2012 unless its turnaround strategy is developed and implemented ''in the next three to four months''. Business Day was first with a story about this new report by the SABC board.

More shocking is that the SABC is now warning the government that the beleaguered broadcaster might need even more money in the form of government secured loans because of the lack of a turnaround strategy and more losses, warning of a ''new deficit''.

As I told you RIGHT HERE in August, the SABC board blames its suspended group CEO Solly Mokoetle for the lack of implementing a turnaround strategy for the SABC. In this open letter to the minister of communications which I published in August, you can see the SABC board stating that its most important issue is to get a turnaround strategy implemented.

In its submission the SABC board warns the government that more money in the form of government guaranteed loans might be necessary ''to cover a new deficit''.