None
EN
ZBC broke?
['Charles Rukuni', 'The Insider Is A Political', 'Business Bulletin About Zimbabwe', 'Edited Charles Rukuni. Founded In', "It Was A Printed Subscription Only Newsletter Until When Zimbabwe'S Hyper-Inflation Made It Impossible To Continue Printing."]
The Insider
THE Zimbabwe Broadcasting Corporation, which was given a grant of $9.85 million to cover some of its losses and to help run Television Two and Radio Four, seems to be having cash-flow problems.
The next grant, if ever granted, is only due in three months.
Reports say the parastatal which should be making profit as it is running on a commercial basis struggled to obtain money for salaries for its employees in April.
In the current budget to June 30, the parastatal was given a grant of $9.85 million up from $8.978 million the previous year.
From this grant $3.1 million was for past losses including estimated losses for 1990-91; $3.7 million was for Television Two operating expenses, and $2.4 million for Radio Four operating expenses.
['grant'
'million'
'television'
'insider'
'workers'
'say'
'operating'
'losses'
'000'
'parastatal'
'radio']