The embattled SABC will receive a multi-billion rand lifeline from government, says communications minister Stella Ndabeni-Abrahams.
State arms manufacturer latest SOE to receive money from government.
National Treasury has said that the best way to fund the bailout of failing state-owned enterprises could be to cut the salaries of all government employees by 10%.
The minister also said the debt and restructuring of Eskom will need to be addressed.
South Africa will ramp up support for its ailing state-owned power utility Eskom with an additional R59 billion spread over two years.
The government is expected to grant Eskom a R230-billion bailout in an attempt to save the floundering power utility, but this might not be enough to fix the problem.
South African Airways will receive additional state funding after CEO Vuyani Jarana resigned over what he said was a lack of government support for the loss-making carrier.
A hostile relationship has developed between the SABC and Minister of Communications Stella Ndabeni-Abrahams over the state broadcaster’s turnaround plan.
SABC Chief Financial Officer Yolande van Biljon says there is no anticipation of Day Zero at the public broadcaster for the next three months.
South Africa’s government is putting the final touches on a R230-billion bailout package intended to get its debt-stricken state power utility back on track.