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.