National lottery faces cancellation
Friday, January 19, 2024 | 1150 Views |
Distant dreams: Hopes of a national lottery are fading fast
Insiders close to the latest developments told BusinessWeek that despite the Gambling Authority (GA) and its preferred bidder, Ithuba Botswana, having completed negotiations almost a year ago, progress towards kick-starting the lottery has been halted due to legal wrangling by rival bidders.
“There are high chances that the first ever national lottery will be cancelled before it even starts,” authoritative sources told BusinessWeek. “This has largely been due to the legal fighting by the early bidders who feel they were unfairly dismissed by GA.”
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...