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How R25m was looted using a sham Olympic Games “send-off” project

How funds were siphoned through a network of companies

By Anton van Zyl • 2 July 2026
How R25m was looted using a sham Olympic Games “send-off” project

The South African Sports Confederation and Olympic Committee (SASCOC) acted as a conduit, funnelling funds to a newly registered foundation and individuals linked to former NLC officials. The court declared the grant unlawful and ordered beneficiaries to repay the money.

By Anton van Zyl and Raymond Joseph

The relatively easy manner in which almost R25 million was siphoned from the National Lotteries Commission (NLC) is laid bare in a case heard virtually by the Special Tribunal last month.

The case provides insight into how the South African Sports Confederation and Olympic Committee (SASCOC) acted as a conduit for the diversion of lottery funds.

It assisted the newly registered Mshundakani Foundation, established just months earli...

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