Yolande van Biljon, the chief financial officer of the SABC, has resigned from the beleaguered public broadcaster.
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The SABC may once again be teetering on the edge of financial collapse, with worries over the corporation’s sustainability.
A presentation by the SABC to parliament has painted a grim picture of a broadcaster at real risk of finding itself, once again, in financial difficulty.
The SABC said on Friday that it will issue notices of termination of lease agreements for its non-core properties and will sell these at an upcoming public auction.
The SABC board has slammed the leaking of an internal memorandum authored by two non-executive directors. The document makes a series of serious allegations against the broadcaster’s CEO and chief financial officer.
The SABC is technically insolvent and is struggling to honour payments to service providers and contractual obligations, its chief financial officer has said.
The SABC’s acting chief operating officer and its group executive for technology, Craig van Rooyen, has resigned, the public broadcaster said on Monday.
SABC chief financial officer Yolande van Biljon says there is no anticipation of “Day Zero” at the public broadcaster for the next three months. Full staff salaries, Van Biljon said, will continue to be paid.
The SABC has appointed Madoda Mxakwe and Yolande van Biljon as its new group CEO and chief financial officer respectively, the public broadcaster’s board said on Sunday. Van Biljon starts the job on Monday, 25 June