The government is set to rival betting firms after it revealed plans to start a National Lottery to shore up funding to sports, culture and arts.
Proceeds from the National Lottery are expected to boost current allocations to the sector under the Sports Arts and Social Development Fund which draws the bulk of its funding from proceeds from betting, gaming and lotteries. Additionally, the National Treasury is considering tax incentives for corporate sponsorship, a dedicated or ring-fenced tax and a Public-Private Partnership framework for infrastructure development.
