Goldrush Consortium picked as preferred lottery bidder, source says
Trade minister Parks Tau is said to have opened negotiations with the consortium after a controversial bidding battle
12 May 2025 - 06:11
A consortium led by KwaZulu-Natal businesspeople Moses Tembe and Sandile Zungu has emerged as the preferred bidder to win the lucrative eight-year licence to operate SA’s national lottery.
Business Day understands that trade, industry & competition minister Parks Tau has opened negotiations with the Goldrush Consortium after a protracted bidding battle, marred by the participation of politically exposed people...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.