Tag Archives: South Africa

Cyril Ramaphosa, President of South Africa, has signed an executive order authorising the Special Investigating Unit (SIU) to probe alleged corruption and maladministration of the National Lotteries Commission (NLC). Signed by President Ramaphosa on 20 October, the order came into effect when it was published in the Government Gazette on 6 November. The Special Investigating Units and Special Tribunals Act’s …

Betfred is reported to have been rejected in its last-minute attempt to acquire bankrupt South African heritage wagering and racetrack operator Phumelela Gaming & Leisure.  South African racing news sources reported that Phumelela’s bankruptcy auditor refused to review Betfred’s ZAR 900 million (€45m) counteroffer submitted at the end of August as Phumelela closed its window for rescue proposals.  Stating its …

South African business news sources report that Betfred is preparing a counter-offer ranging between ZAR 875-to-925 million (€44-46m) to acquire embattled heritage wagering and racetrack operator Phumelela Gaming & Leisure.  Forced to close its venues due to coronavirus restrictions last May, Johannesburg high court placed Phumelela assets under bankruptcy protection, allowing the company to seek investors to avoid outright liquidation. …

Betway has come to the rescue of Cricket South Africa after becoming the lead sponsor of its One Day International (ODI), T20 and Test Series teams. Securing a three-year sponsorship arrangement, Betway will replace Standard Bank, who in April triggered a contract break clause terminating its partnership with Cricket South Africa. Standard Bank chose to break its contract with Cricket …

Racing authorities across South Africa have outlined new plans to resume racing on 1 May, following the government’s decision to extend the country’s COVID-19 lockdown until the end of April. The target date was confirmed after ‘numerous meetings’ between racing operators, the Racing Association and the National Horseracing Authority over the Easter weekend. In a statement issued by the NHA …

BetConstruct will launch its sportsbook with Gbets in South Africa before the end of the year after securing the necessary certification from the The Western Cape Gambling and Racing Board. The fully managed sports betting solution was developed under BetConstruct’s National Manufacturer licence for the country, while the Letter of Certification by the province’s board was based on a report …

South Africa (SA) is deemed by many industry experts as the greatest opportunity when it comes to the gambling industry in Africa.  The country is, according to BtoBet Chairman Alessandro Fried, way ahead of its neighbours in terms of technological infrastructure.  All factors are indicating that should the country introduce a legal framework and regularise its online market, the chances …

Back from its summer break, industry strategic consultancy Regulus Partners addresses the immediate challenges currently facing the racing industry in South Africa, which from the outset appears to be following a similar pattern to racing in the UK, France, US and (to an extent) New Zealand. South Africa’s Flamingo Park racecourse, known to South African and International bettors alike for …