Tuesday, June 21, 2011

National Lotteries Distribution Trust Fund rumours crashed

Lusanda Bill
21 June 2011


Trade and Industry Minister Rob Davies has dispelled rumours that the National Lotteries Distribution Trust Fund is holding back billions in unspent funds.

Reports have said that up to six-billion-Rands could be unused.

Davies told a review meeting in Midrand that one-and-a-half-billion-Rand was available in the current financial year.

He added that other three-point-two-billion-Rands had already been approved and allocated.

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