Over the past 24 months, the SABC has faced a severe crisis characterised by a lack of leadership, breakdown of governance structures and an inadequate executive capacity. This resulted in the corporation facing a R910 million loss before income tax for the year ending 31 March 2009. The interim board was appointed to stabilise the SABC and the Auditor- General of South Africa was commissioned by Parliament to conduct an investigation into allegations of financial irregularities and mismanagement. These were the strategies used to contain and minimise the crisis: The SABC was granted an allocation of R200 million in terms of the Adjusted Estimates of National Expenditure, followed by a government guarantee of R1,473 billion as security against medium-term funding that the corporation agreed upon with Nedbank.