Uthingo

From Wikipedia, the free encyclopedia

Uthingo Management (Pty) Ltd is the current operator of the South African National Lottery. It was formed in 1996 to compete for this right amongst a total of three consortia bidding for the licence. Uthingo is not tasked with the allocation of funds to beneficiary organisations, but is instead mandated to raise revenue for the National Lottery Distribution Trust Fund.

It is a fully Black Economic Empowerment compliant business, with 70% ownership locally, and the remaining 30% being owned by international players who provided the tools and knowledge to run a lottery effectively.

[edit] External links

• Uthingo homepage

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Category: South Africa stubs

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• This page was last modified 09:22, 28 May 2006 by Wikipedia user Dewet.
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