Share

Lotteries board CEO said to have quit

Cape Town - National Lotteries Board (NLB) spokesperson Sershan Naidoo has declined to confirm or deny reports that CEO Vevek Ram has resigned.

However, he said on Friday the board would "shortly" issue a statement on the matter.

Earlier, the Democratic Alliance said Ram's letter of resignation was received and accepted by the NLB on Friday morning.

DA spokesperson Jacques Smalle said: "This is a step in the right direction."

"Mr Ram presided over a prolonged period of mismanagement and administrative chaos," he said.

"In the last year especially, the NLB has begun operating increasingly like an ANC slush fund even as deserving charities and NGOs struggled to access funding."

Smalle said the distribution agencies and NLB had been stacked with ANC cadres for some time. Many of them needed to be replaced with individuals who had the relevant expertise.

"Before a fundamental transformation can take place, the current management will have to be replaced. A forensic audit into all grants allocated in the last three years is also a vital requirement."

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.04
-0.1%
Rand - Pound
23.75
-0.3%
Rand - Euro
20.33
-0.2%
Rand - Aus dollar
12.28
-0.3%
Rand - Yen
0.12
-0.2%
Platinum
954.00
+0.1%
Palladium
1,037.50
+0.2%
Gold
2,379.72
+0.8%
Silver
28.46
+0.9%
Brent Crude
87.29
-3.1%
Top 40
66,828
-0.1%
All Share
72,892
-0.1%
Resource 10
62,848
-0.8%
Industrial 25
97,904
+0.1%
Financial 15
15,406
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders