Friday, June 1, 2012

BREAKING. SABC is owed more than R1 billion by advertisers - including the government - in outstanding payments.


The SABC is owed more than R1 billion by advertisers in outstanding and overdue fees.

"Total debot to the SABC at the end of March 2012 was more than R1 billion from more than 3 000 accounts," the minister of communications Dina Pule told parliament. The outstanding invoices include money owed to the SABC from several government departments for advertisements flighted on the SABC, although the minister refused to reveal how much the state owed the SABC.

Dina Pule said legal action could be taken against the government, advertising agencies as well as companies to recover the outstanding payments.

"As is the case with other significant advertisers, arrears occur from time to time and are mostly related to disputes or cash-flow difficulties," Dina Pule said.