Restructuring is looming for the struggling South African public broadcaster, said the minister of finance, Pravin Gordhan in his budget speech delivered in parliament today.
Pravin Gordhan said restructuring is coming in the coming year to all state supported public enterprises who are not performing and bleeding cash, such as the SABC, South African Airways, the South African post Office and a litany of others ranging from Denel and Alexkor to SA Xpress and others.
Pravin Gordhan said in parliament today that "some form of restructuring" is coming for all of these loss-making entities mired in trouble with dysfunctional boards who are not adequately co-ordinating with the government and who are rocked by ongoing management instability.
