By Daniel Itai.
Johannesburg, South Africa. (News of The South) – South African Broadcasting Corporation (SABC) says it is not in discussions to sell its commercial radio stations and TV channels.
The debate on whether to sell off some of the SABC’s key assets, including possibly two television channels (SABC 1 and 3) and commercial radio stations such as Metro FM and 5 FM, is intensifying, but government is divided on the issue.
“SABC believes it is necessary to clarify that it is not intending to sell any television stations or radio stations.
As requested by National Treasury and the ministry of Communications and Digital Technologies, the SABC is conducting a thorough process of assessing all its assets, determining which are core and non-core, taking into account a range of factors including public mandate, licence conditions and financial contribution,” read a statement from SABC.
The public broadcaster, the main source of news and commentary for most South Africans, is on the verge of collapse and has warned that it could be forced to go off the air unless the government quickly comes to its financial rescue.
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