NLB Pays Out R2bn to Beneficiaries

The NLB pays out over R2 billion to beneficiaries in the 2011/2012 financial year

The National Lotteries Board (NLB) has paid out over R2 billion to beneficiaries in the 2011/2012 financial year.

In a press statement, NLB chairperson, Alfred Nevhutanda, points out that while the NLB is proud of this achievement, further measures are being put in place to speed up the processing of progress reports.

Nevhutanda states that one of the reasons for the slow process is that staff had to process reports and prepare packs for meetings where funding applications were adjudicated.

To read the article titled, “Lottery pays out R2bn to beneficiaries,” click here.

Source: 
Fin24

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