Toby Chance: R2-billion lotteries corruption & the Economic Justice alternative to BEE

Corruption. Black Economic Empowerment. And that R100-billion Transformation Fund…These are topics being debated hotly on a daily basis in South Africa. In his latest interview with BizNews, Toby Chance, the Democratic Alliance (DA) spokesperson on Trade, Industry and Competition, speaks about corruption at the Lotteries Commission were whistleblowers were “really severely damaged…and in many instances their lives have been ruined and their finances have been completely devastated” in the wake of allegations that up to R2-billion of corrupt grants were issued between around about 2011 and 2022. Chance gives an update on the controversy surrounding the appointment of a new licence operator and says: “It would be very surprising to me if there wasn't further litigation coming up around the corner…So they (Ithuba Holdings) really had four bites of the cherry, which I think many of the contesting bidders will find to be unconstitutional and unlawful.” Meanwhile, he also addresses the charge that the DA is “anti-transformation”, and shares the highlights of the party’s submission on the R100-billion Transformation Fund. He also outlines the DA’s alternative plan to BEE.