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

Property market trends for 2026

South Africa’s property market in 2026 will be shaped less by expansion and more by resilience, adaptability, and risk management, according to Waldo Marcus, Director at TPN Credit Bureau. With residential rental shortages driving escalations of 4.5% to 5.5%, commercial rentals under pressure, and widening disparities between well-governed and poorly…
21 Jan 2PM 17 min

What ABSA,Standard Bank executive moves signal for SA Banking business

There’s a shuffling of executives among the big banks, last year saw Jason Quinn, interim CEO of Absa leaving Absa and heading to Nedbank to take up the reign as CEO as well as Kenny Fihla leaving Standard Bank and going to Absa. Zwelakhe Mzwakhe Mnguni, Chief Investment Officer &…
21 Jan 2PM 8 min

Global fashion, local impact and lessons from Valentino’s business legacy

The fashion world is marking the passing of Italian designer Valentino Garavani, the founder of the Valentino fashion house and one of the architects of modern luxury. Over decades, his work became closely associated with global fashion capitals and with retailers and luxury groups that helped take haute couture into…
20 Jan 3PM 22 min