Jamie McKane
MyBroadband Journalist
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Big fight for control of the Lotto
Ithuba and Hosken Consolidated Investments (HCI) are engaged in a legal battle over control of the National Lottery, City Press reports.
The lottery operation is the biggest tender in the country and is currently operated by Ithuba, which has been targeted by HCI for the early repayment of a R341-million loan advanced to it when it was first awarded the tender.
Ithuba and Hosken Consolidated Investments (HCI) are engaged in a legal battle over control of the National Lottery, City Press reports.
The lottery operation is the biggest tender in the country and is currently operated by Ithuba, which has been targeted by HCI for the early repayment of a R341-million loan advanced to it when it was first awarded the tender.