Tebogo Malatji and Bonang Lorato Masia acted as attorneys for the National Lotteries Commission (“NLC”) in the evaluation and adjudication of the procurement process and the subsequent extensive litigation consequent upon the award of the Third Lottery Licence, worth ZAR 85 billion at the instance of Gidani, the unsuccessful bidder that had been the previous holder of the licence. This litigation was finally concluded in favour of the NLC and the Minister of Trade and Industry. We also assisted the NLC with negotiating and drafting the Third Lottery Licence with the successful bidder. We continue to provide ongoing legal advice to the NLC on all issues arising from the Licence, including recently advising on the legal and operational considerations of the financial statements reporting to the Auditor General South Africa.
We have recently advised the NLC on its legislative regulatory rights in relation to a commercial dispute between the Licencee, Ithuba Holdings (Pty) Ltd (RF) and its funder HCI Invest 15 Holdco (Pty) Ltd .
National Lotteries Commission (NLC)