You will be redirected back to your article in seconds

SABC pursues breakup

Pubcaster hopes to proceed with split by end of year

JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999.

The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to black economic empowerment companies.

A high point came in 2002-03, when 227 productions (excluding news) were picked up from outside production companies at a combined cost of $54 million.

Interested parties have until Friday to lodge comments, and the SABC hopes to be able to proceed with the split by the end of the year.

More Biz

  • Highest Paid Actors

    DMG China Readying Investment in Forbes

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

  • magic leap logo

    Magic Leap Confirms $500 Million Finance Round led by Temasek

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

  • China’s Perfect World Raises $250 Million

    China’s Perfect World Raises $250 Million for Universal Slate Funding

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

  • Harvey Weinstein

    Harvard University to Revoke Harvey Weinstein's Du Bois Medal

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

  • David Cross Says Charlyne Yi Is

    David Cross Accused of Racist Behavior by Charlyne Yi

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

  • law and finance hollywood new leaders

    Hollywood's New Leaders in Law and Finance

    JOHANNESBURG — The South African Broadcasting Corp. has applied to divide into a public service and a commercial service — a step required by the Broadcasting Act of 1999. The pubcaster has invested $125 million over the past four years in the local production industry. During this period, 60% of its production was awarded to […]

More From Our Brands

Access exclusive content