He was speaking in the wake of a six-hour meeting with the National Assembly’s portfolio committee on communications.
Makhathini said they have already been struggling to pay independent producers‚ people who provide content which is critical to the mandate of the SABC.
“If the situation is not arrested‚ it will escalate and get to the employees‚” he said.
The SABC has until now been prioritising employees’ salaries.
“But at the end of the day‚ you can’t keep on pushing this thing down. At some point you need to get real help‚ real intervention‚” said the board chairman.
It’s been 16 months since the then interim SABC board requested a government guarantee to be able to borrow money in May last year. The broadcaster is yet to receive the guarantee.
TimesLIVE understands that the public broadcaster has received a disclaimer audit opinion from the auditor-general for the 2017/18 financial year‚ which puts it in an even more difficult position in terms of securing a loan.
“It makes it hard for financial institutions to be comfortable in funding us. That’s why we have to come up with a very strong‚ comprehensive and tangible turnaround strategy which is what we presented today with enough detail for people to see that we have a plan and we can turn this place around‚” said Makhathini.