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Goldrush Holdings gears up for National Lottery - legal challenges loom over license award
The Mercury
|November 17, 2025
Goldrush Holdings said the award of the R180 billion National Lottery License to 50%-held Sizekhaya Holdings has been challenged by two other bidders in the courts.
Commenting on JSE-listed Goldrush’s interim results released on Friday, Goldrush director Jan van Niekerk said these cases were ongoing, and shareholders would be updated as soon as finality is reached.
Sizekhaya Holdings is the incoming operator of South Africa's National Lottery from June 2026 after winning the eight-year license in May 2025, and replacing Ithuba Holdings, which had managed the lottery since 2015. Sizekhaya’s directors include Moses Tembe, Sandile Zungu, Fundi Sithebe, and Dr Mabatho Mutshekwane.
Van Niekerk said the team at Sizekhaya had made good progress in establishing the physical, technological, and legal structures to take on the management of the National Lottery - final sign-off was expected from the National Lotteries Commission well ahead of the June 1, 2026 start date.
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