KZN kings hit the jackpot: Moses Tembe and Sandile Zungu's Sizekhaya Holdings take over lottery from Ithuba
Sizekhaya Holdings is led by a consortium that includes KwaZulu-Natal business figures such as Moses Tembe, former Chairperson of the KZN Growth Coalition, and Sandile Zungu, owner of AmaZulu football club.
Sizekhaya Holdings, linked to KwaZulu-Natal businessman Moses Tembe and Amazulu Football Club owner, Sandile Zungu has been announced as the new lottery operator, effectively taking over from Ithuba, who managed the lottery since 2015.
Sizekhaya's licence is valid for eight years
Earlier on Wednesday, Department of Trade, Industry and Competition (DTIC) Minister Parks Tau said the National Lotteries Commission (NLC) submitted a report on May 26 confirming successful negotiations with Sizekhaya Holdings, the preferred bidder supported by the Goldrush Group, its part owner.
Who is Sizekhaya Holdings?
Gauteng-based Sizekhaya Holdings is led by a consortium that includes Tembe and Zungu. Zungu has also been linked to the African National Congress having previously run for the KZN chairperson post in 2022 and then withdrawing from the race.
Legal woes
Tau said despite the awarding of the licence, the process has already become the subject of litigation and a judgment of the High Court.
I am seeking legal advice to appeal against the judgment's findings and orders, and I reserve all my rights concerning this judgment. With due respect to the honourable High Court, my announcement is the result of my undertaking made to the bidders and the Court before the hearing of the application," the minister said.
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