(Lotto) wheel be­ing rein­vented

Finweek English Edition - - Main stories this week -

WHAT HAP­PENED SOUTH AFRICA’S LOTTO WHEEL stopped spin­ning af­ter Trade & In­dus­try Min­is­ter Man­disi Mpahlwa an­nounced that all draws must stop un­til the is­sue of the new op­er­a­tor is re­solved. Mpahlwa waited un­til the last mo­ment of the con­tract pe­riod of Uthingo, the pre­vi­ous con­trac­tor, be­fore mak­ing the an­nounce­ment. Judge Wil­lie Ser­iti ruled early last month that pre­ferred bid­der Gi­dani’s li­cence was in­valid.

WHAT OTH­ERS SAID DIE BURGER said that if Mpahlwa had been an MD of a private com­pany, he would have been given the or­der of the boot for poor man­age­ment long ago. “But as South Africans have learned over the past decade, in­ef­fi­ciency is no hur­dle to ad­vance­ment in pol­i­tics.” The Cit­i­zen said that it might look like an April fool’s stunt but it cer­tainly wasn’t one: it was sim­ply an ex­pen­sive Gov­ern­ment faux pas.

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