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Former lotteries boss fails to access R2.8m pension fund
The Star
|February 23, 2026
FORMER Chief Operating Officer of the National Lotteries Commission (NLC) Philemon Letwaba’ legal bid to have his R2.8 million pension benefit released after it was preserved by the Special Investigating Unit (SIU) in 2022, following allegations that he dipped his fingers into National Lotteries money, has failed.
The Special Tribunal last week rejected his arguments that the Tribunal does not have the authority under the Pension Fund Act to eventually allow pension deductions if wrongdoing was ever established on Letwaba’s part.
According to Letwaba’s argument, only a court, and not the Tribunal, has the power to order the pension deduction, if it ever came to that. Thus, his counsel told the Tribunal that the funds must be released to him. The Special Tribunal in 2022 interdicted the Liberty Group - the pension administrator - from paying out any proceeds of Letwaba’s pension funds ~ about R2.8m — invested with it.
Cette histoire est tirée de l'édition February 23, 2026 de The Star.
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