The Cape Town Philharmonic Orchestra has received something of an early Christmas present.
The Department of Arts and Culture (DAC) has confirmed the orchestra will receive much-needed funding that had been due to be paid in June.
The delay in payments by the City of Cape Town and the DAC had left the CPO with a severe cash flow crisis.
The orchestra needs R30-million every year to keep playing.
Until now the City of Cape Town’s promise of R1.5 million and the annual R7.5 million from central government had yet to be paid, but this week the orchestra received word that the money is on its way.
They've promised that we will get sixty percent of our normal funding for this year and forty percent of the next year's grant - that means over two years will get the hundred percent, and then it stops.— Louis Heyneman, CEO, Cape Town Philharmonic Orchestra
We're not out of the woods yet, we had to borrow a lot of money to stay alive...but this will at least give us time and space to regroup and get some other sponsors on board.— Louis Heyneman, CEO, Cape Town Philharmonic Orchestra
Listen to the full interview below:
This article first appeared on CapeTalk : That's music to their ears! CPT Philharmonic WILL receive govt funds