BUSINESS NEWS

Court battle looms between DTI, Ithuba and Gidane!

The dti said on Thursday that minister Rob Davies “has committed himself to fully implement the judgement handed down in the High Court in Pretoria today (Wednesday) in the review application which was launched by Gidani (Pty) Ltd in November 2014”.

“The review aimed at setting aside the Minister’s decision to appoint Ithuba (Pty) Ltd as the preferred applicant and to award the third national lottery licence to Ithuba‚” said dti spokesperson Sidwell Medupe.

While the court declared the decision to award the lottery license to Ithuba as invalid‚ “Davies welcomed Judge (Neil) Tuchten’s decision to uphold his decision to appoint Ithuba as the preferred applicant‚ on the basis that the minister’s decision is both rational and reasonable”.

“The judge‚ however‚ set aside the licence as certain terms relating to the guarantee and performance bond was found to be invalid. However‚ the judge suspended the operation of this decision for a month‚” explained Medupe.

Davies‚ the dti claimed‚ is confident that he will resolve the issues raised by the court within a one-month period.

Additional information: SLM

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