The Real Reason Behind SATY Awards Cancellation


A lot of fans looked forward to watching US pop singer Jenifer Lopez perform in Mzansi at the ANN7 South African of the Year Awards, only for news of the SATY Awards cancellation to stream in last week.

The Gupta-sponsored event was postponed after the EFF made a clarion call for all South Africans to boycott the event. The EFF issued a statement calling on celebrities, such as Bonang and Somizi, to cancel their parts in the “criminal” event.

A few days later, the organisers of the show released a statement confirming the SATY Awards cancellation. They postponed the event indefinitely, saying that it was as a result of unforeseen circumstances.

Read: ANN7 SATY Awards Organisers Postpone The Event Amid Boycott Calls

“The postponement is due to unforeseen regulatory circumstances that have materially impacted on logistics for the event. Regretfully, this has left us with no choice but to seek a new date in the near future. We look forward to confirming a rescheduled date.”

Meanwhile, amid speculations surrounding the postponement, there’s a possibility that the EFF’s calls for boycott was not responsible. Instead, a major financial issue involving the Guptas is to blame.

According to City Press, the Gupta family has been receiving financial help from India’s Bank of Baroda. This was after major banks in South Africa gave them the boot.

Apparently, the help has stopped coming as the paper claims that officials at the bank refused to release funds on time.

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“The bank did not release the funds to pay artists and other expenses,” a source revealed to the paper.

In fact, the situation must be dire as the paper also reported that a staff year end party has also been cancelled. Now we know why we won’t be seeing the beautiful JLo in Mzansi.