IOL Logo
Sunday, June 8, 2025

Latest News & Developments

parks tau

How deal was struck to save National Lottery from shutdown

Trade, Industry, and Competition Minister Parks Tau's intervention has averted a potential shutdown of the National Lottery, granting Ithuba a 12-month temporary operating license amidst legal challenges and economic concerns.

Cape Times News
Mashudu Sadike|Published

National Lottery saved from shutdown: The deal behind the scenes

Trade Minister Parks Tau's intervention prevents a National Lottery shutdown, granting Ithuba a temporary license amid ongoing licensing disputes and uncertainty about the lottery's future.

Cape Argus News
Mashudu Sadike|Published

How deal was struck to save National Lottery from shutdown

Trade, Industry, and Competition Minister Parks Tau's intervention has averted a potential shutdown of the National Lottery, granting Ithuba a 12-month temporary operating license amidst legal challenges and economic concerns.

News South Africa Gauteng
Mashudu Sadike|Published

No Pause. Just Phanda Pusha Play

ITHUBA has reached an agreement with the Minister of Trade, Industry and Competition and the National Lotteries Commission to operate the South African National Lottery.

Sunday Tribune News
Bongani Hans|Published

Uncertainty looms over National Lottery operations after court ruling

The National Lottery faces uncertainty as a High Court ruling disrupts operations, leaving players in limbo and raising questions about the future of lottery management.

News Politics
Bongani Hans|Published

Ithuba Lottery considers legal action after Sizekhaya Holdings awarded National Lottery licence

Ithuba Lottery is contemplating legal action following Sizekhaya Holdings' recent award of the Fourth National Lottery and Sports Pools Licence.

Business
Se-Anne Rall|Published

Sizekhaya Holdings awarded fourth national lottery and sports pools licence

Sizekhaya Holdings secures the fourth national lottery and sports pools licence amid legal challenges

Business
IOL Reporter|Published

Tau to announce new operator for National Lottery

Parks Tau prepares to announce a new operator for the National Lottery, following a landmark court ruling against Ithuba's contract extension

Cape Times News
Bongani Hans|Published

Who will be the new operator of the National Lottery after court ruling against Ithuba?

Parks Tau faces a pivotal moment as he prepares to announce a new operator for the National Lottery, following a landmark court ruling against Ithuba's contract extension

News Politics
Bongani Hans|Published

‘Useless and unprepared’: Social media roasts silent ministers at Ramaphosa-Trump White House meeting

People on social media were furious after Khumbudzo Ntshavheni, Ronald Lamola, and Parks Tau didn’t say a word during a tense meeting at the White House, where Donald Trump made bold accusations about land grabs and violence against white farmers in South Africa.

News Politics
Simon Majadibodu|Published

Steenhuisen joins SA’s US delegation

President Cyril Ramaphosa selects four ministers to accompany him to the US, including Agriculture minister John Steenhuisen, Minister of Trade and Industry Parks Tau, Minister in the Presidency Khumbudzo Ntshavheni and International Relations Minister Ronald Lamola.

Cape Times News
Mashudu Sadike|Published

Steenhuisen joins delegation 'to save AGOA'

President Cyril Ramaphosa's visit to the US aims to strengthen trade relations and secure the renewal of the African Growth and Opportunity Act, with Agriculture Minister John Steenhuisen playing a crucial role in negotiations.

Cape Argus News
Mashudu Sadike|Published

Ramaphosa's US Visit: Steenhuisen joins delegation 'to save AGOA'

President Cyril Ramaphosa selects four ministers to accompany him to the US that include Agriculture minister John Steenhuisen, Minister of Trade and Industry Parks Tau, Minister in the Presidency Khumbudzo Ntshavheni and International Relations Minister Ronald Lamola.

News South Africa Gauteng
Mashudu Sadike|Published

Ministers launch R500m fund to empower spaza shop owners

The fund, aimed at empowering and skilling South African-born spaza shop owners and other food handling businesses with training, skills, and funds to inject into their business, comes after spaza shop owners were given until February 28 to register their businesses following a wave of food-borne fatalities in Soweto and other parts of the country.

Cape Times News
Siyabonga Sithole|Published

R500 million fund launched to support South African spaza shops

South African-born spaza shop owners are encouraged to cease leasing their businesses to undocumented immigrants, as a new R500 million support fund is introduced to empower local entrepreneurs.

Cape Argus News
Siyabonga Sithole|Published

Ministers unveil R500m spaza shop fund, warn against fronting for illegal immigrants

Government ministers have unveiled a R500 million Spaza Shop Support Fund in Soweto, urging South African shop owners to stop leasing properties to undocumented immigrants. The initiative aims to return the township economy to local hands through financial support and skills development, with Minister Ndabeni-Abrahams revealing that only 53% of registered spaza shops are South African-owned.

News South Africa
Siyabonga Sithole|Published

Should South Africa clap back with tariffs on US? Too risky, says government

Minister Parks Tau said sending the South African delegation to United States remains the correct approach, as announced by President Cyril Ramaphosa.

News Politics
Jonisayi Maromo|Published

AGOA is dead as Trump's tariffs nullify benefits for South Africa and other African nations

Minister Ronald Lamola warns that President Trump's new tariffs could severely impact South Africa's economy, nullifying the benefits of the Africa Growth and Opportunity Act.

News Politics
Jonisayi Maromo|Published

US tariffs could have serious implications for jobs, investment in SA auto sector, warns Naamsa

Naamsa warns that the recent US tariffs could harm South Africa's automotive industry, threatening jobs and investment in a sector already facing significant challenges.

Motoring Industry News
Jason Woosey|Published

Government unveils R500 million fund to empower township spaza shops

This fund, a joint effort by government departments, provides financial support to spaza shops and convenience stores essential to local communities.

Business Economy
Se-Anne Rall|Published

Trade Minister Parks Tau vows to seek clarity on Donald Trump’s 30 percent tariffs

Trade Minister, Parks Tau, expresses confusion over the US' newly imposed 30% tariffs on South African exports, highlighting potential economic disruptions in key sectors.

News Politics
Simon Majadibodu|Published

Chirwa: South African economy cannot continue to favour White Monopoly Capital

NUMSA President Andrew Chirwa has called for economic transformation in South Africa, criticising the current system that favours 'white monopoly capital' while condemning the working class to poverty.

News South Africa
Siyabonga Sithole|Published

How bureaucratic delays led to the collapse of South Africa's R2. 5bn groundnut roasting industry - Donald MacKay

A 50-month delay in processing a simple tariff increase application has led to the closure of South Africa's groundnut roasting industry, highlighting the devastating impact of bureaucratic inefficiency on local businesses.

Business Report Opinion
Donald MacKay|Published

Parliamentarians outraged over delay in national lottery licence appointment

"Parliament demands answers as Trade Minister Parks Tau faces scrutiny over the controversial one-year postponement of the National Lottery licence tender process. The R180 billion tender delay raises concerns about ministerial involvement and operational transparency

Business Report
Banele Ginindza|Published

Film and TV producers blame DTIC for industry collapse

The South African film and television industry is in crisis, grappling with delays in rebate approvals and inadequate communication from the DTIC, leading to significant economic repercussions.

News Politics
Thabo Makwakwa|Published