HCI reaches R400m settlement with lottery operator Ithuba

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HCI reaches R400m settlement with lottery operator Ithuba
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Hosken Consolidated Investments had gone to court seeking to claim management fees it says it was owed by lottery operator Ithuba

Hosken Consolidated Investments had gone to court seeking to claim management fees it says it was owed by IthubaHosken Consolidated Investments and lottery operator Ithuba have called off their court battles after reaching a R400m settlement.

In July, after a five-year legal battle, HCI was awarded the right to examine Ithuba’s financial statements.

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BDliveSA /  🏆 12. in ZA

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