Image source: Tenor Sentech, South Africa’s state signal distributor, has said that it is no longer a going concern after the National Treasury stepped in with R889 million ($56 million) in emergency funding. When a company says it’s “not a going concern,” it means auditors are no longer confident it can keep operating normally in the near future without outside help. Are you broke if you’re owed? Sentech had about R176 million ($11 million) in the bank when it briefed Parliament on 10th February about its financial situation. But the crisis is that its biggest customer isn’t paying enough to keep it stable. The South African Broadcasting Corporation (SABC) owes R1.6 billion ($100 million) in unpaid transmission fees. Sentech charges the corporation R71 million ($4.4 million) every month...