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Another state-owned company in deep trouble in South Africa | SA News


State signal distributor Sentech’s ongoing dispute with the South African Broadcasting Corporation (SABC) has taken a disastrous toll on its finances.

National Treasury has intervened to provide funding to Sentech, which is no longer a going concern, meaning it is no longer seen as financially stable enough to continue operating for the foreseeable future.

Nonkqubela Jordan-Dyani, director-general of the communications department, told Parliament on Tuesday that National Treasury had allocated R889 million in…

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