National Lotteries Commission collusion

Loading player...
[SOURCE, FIN24] The Special Investigating Unit (SIU) raided the offices of the National Lotteries Commission (NLC) in Kimberley, Northern Cape on Thursday morning.
This follows an explosive report by the SIU submitted to Parliament last week detailing collusion between NLC officials and purported non-profit organisations. It found that in a series of transactions, millions of rands at a time were funnelled from the NLC - funds which were meant to develop facilities like drug rehabilitation centres, old age homes, and youth empowerment facilities, but instead went towards purchasing cars and luxury homes.
SIU spokesperson Kaizer Kganyago told Fin24 that the raid on the offices of the NLC in Kimberley on Thursday morning were part of an advancing investigation into corruption at the commission.
"Yes, we are at the moment in Kimberley and we have a warrant to search and seize documents here in Kimberly because of the allegation that we are looking into," Kganyago said.
Kganyago said the raid would not stop at the operations of the NLC but would include the private residences of implicated NLC officials and the questioning of those implicated.
"We will call and question individuals because people are also checking the houses of officials in the commission in line with investigating the allegations that were made," said Kganyago.
During a Post Cabinet briefing, also on Thursday morning, Minister in the Presidency Mondli Gungubele welcomed the raid as "remarkable progress" by the SIU.

"This will ensure the necessary steps can be taken to hold accountable persons or organisations implicated in the unlawful misappropriation of funds earmarked to benefit the poor," said Gungubele.
The NLC serves as South Africa's only lotteries and sports pool betting regulator, but also serves as a grant funder for non-government organisations established in causes aimed at improving the lives of South Africans.
10 Mar 2022 3AM English South Africa Business News · Investing

Other recent episodes

South Africa's Car Buyers Defy Economic Pressure

Despite higher interest rates, rising fuel prices and growing living costs, South Africa's vehicle market continues to show remarkable resilience. Thanda Sithole, Senior Economist at FNB and WesBank, unpacks what strong vehicle sales reveal about consumer confidence, how buyers are adapting to affordability pressures, the rise of new-energy vehicles, and…
12 Nov 12PM 13 min

The Economics of Diabetes

Ahead of World Diabetes Day, Sara Norcross, VP and General Manager of Novo Nordisk South Africa, joins Kaya Biz to discuss the growing burden of diabetes and its impact beyond healthcare. From workplace productivity and economic growth to treatment access and prevention, the conversation explores why diabetes should be viewed…
12 Nov 12PM 20 min

Protecting Yourself in the Age of Digital Scams

Online scams are becoming more sophisticated and increasingly difficult to detect. Sylvia Musalagani, Head of Safety Policy for Europe, the Middle East and Africa at Meta, discusses the growing threat of digital fraud, Meta's anti-scam initiatives, and how partnerships with local institutions are helping consumers identify and avoid online scams…
12 Nov 11AM 10 min

South Africa's Capital Puzzle

South Africa has no shortage of capital, yet economic growth remains elusive. Jurie Strydom, CEO of Old Mutual, joins Kaya Biz to unpack why the challenge may not be attracting investment, but deploying existing capital into productive sectors of the economy. The conversation explores investor confidence, policy certainty, infrastructure constraints…
12 Nov 11AM 7 min

Reading South Africa's Economic Pulse

South Africa's economic activity weakened again in October, but there are emerging signs that pressure on households and businesses may begin to ease. Independent economist Elize Kruger unpacks the latest PayInc Economic Index, the fuel price outlook, consumer behaviour, business confidence and the key economic trends to watch heading into…
11 Nov 12PM 10 min