Gidani Explained

The Gidani consortium was the operator of the South African National Lottery, the most popular form of gambling in South Africa by transaction volume and value.

Gidani was selected to take over operation of the lottery after the seven-year contract of Uthingo, the first operator, expired on 31 March 2007.[1] However, following legal challenges about the award of the licence the lottery was suspended until October 2007.[2]

The Greek lottery operator Intralot was the technical partner to the group.[3] Other shareholders included The Women’s Development Foundation, Vunani Capital, Partnership Investments, Nozala Investments and the Mabindu Development Trust.[4]

Notes and References

  1. Web site: Lottery firm Gidani gearing up to tune of R300m. Business Report. 15 September 2008.
  2. Web site: National Lottery back with a bang. Mail&Guardian. 15 September 2008.
  3. News: Greek Intralot's Gidani consortium wins South African National Lottery tender. Forbes.com. 15 September 2008. 23 September 2007. https://web.archive.org/web/20110604013602/http://www.forbes.com/feeds/afx/2007/09/23/afx4146465.html. 4 June 2011.
  4. Web site: Senior ANC figures on track for the lottery. Daily Dispatch. 15 September 2008.