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National Lotteries Commission acknowledges missing records on R9.59bn investment approvals
The Mercury
|April 15, 2026
THE National Lotteries Commission (NLC) has admitted that it has no records of whether or not the Minister of Finance approved over R9.59 billion in investments in financial institutions made over a four-year period.
THE National Lotteries Commission says it has no records of whether or not its R9.59 billion in investments over a number of years was approved by the National Treasury. I FILE
(FILE)
The Special Investigating Unit (SIU) is probing the investments made between January 2014 and May 2017.
Between January 2014 and March 2015, the commission invested over R5.6bn and more than R3.23bn between June 2015 and November 2015; another R599m was invested between August 2016 and February 2017, as well as R137m between April 2017 and May 2017.
According to the SIU, one of its mandates is to investigate the investment of funds by NLC. The NLC has indicated that it invested the funds in various financial institutions.
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