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SABC promises 2012 profit

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SABC promises 2012 profit

The new, interim board of the SABC on Tuesday told Parliament that the corporation will turn a profit by 2012 and will repay its debts by the end of 2014. Those debts are starting to approach R1 billion in hard cash, and it has asked for a R1.4 billion guarantee from the Treasury. But everything hinges on the SABC's ability to curtail costs and stop waste, and it has yet to show the ability to do either. Read more: TechCentral

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