The Companies and Intellectual Property Commission (CIPC) has issued a notice to the SABC asking the broadcaster to explain why it should not be assumed that their reckless business is insolvent. According to reports, the SABC’s liabilities exceed the assets by R1,8 billion and short-term liabilities can no longer be met. The notice may mean..
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SABC crashes – once proud state entity is now the biggest embarrassment of the country’s image after the ANC regime’s takeover in 1994
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