Vox Populi Vox Dei
High Tory
Sunday Times
TOP ANC figures have hit the jackpot as preferred bidders to run the national lottery when the current seven-year contract with Uthingo comes to an end in April next year.
The shareholding structure in the Gidani consortium, which won the bid, has been a closely guarded secret, but the Sunday Times has established that ANC national executive committee members Cyril Ramaphosa, Max Sisulu and Chris Nissen — the former leader of the ANC in the Western Cape — are key players.
The National Lotteries Board identified Gidani as its preferred bidder in July, ahead of Uthingo.
Gidani is now negotiating with the government the terms of the licence, which will take effect at the beginning of April.
Other high-profile shareholders in Gidani include:
•Brigalia Bam, chairman of the Independent Electoral Commission, and Dawn Mokhobo, a former IEC commissioner; and
•The Women’s Development Foundation, which has as its directors Deputy Minister of Arts and Culture Ntombazana Botha, Anne Letsebe, Deputy Director-General in the Presidency, and Joyce Piliso-Seroke, Chairman of the Commission on Gender Equality.
Gidani is led by former Transnet chairman Bongani Khumalo, whose company, Gravitas Investment, is also a shareholder.
The consortium is expected to make a profit of more than R40-million a year from the lottery.