NLC sets up R 150 million Relief Fund to Ease Impact of Covid-19 on NGOs

The National Lotteries Commission (NLC) is the lotteries and sports pools regulator in South Africa. These regulatory activities enable the NLC to generate revenue for distribution to good causes by awarding grants to NPO’s, NGO’s and NPC’s.
It is from this lottery revenue that the NLC has been able to direct R 50 million in proactive funding toward relief from the effects of the Covid-19 pandemic to the Solidarity Fund. The NLC then released a further R 10 million toward the provision of basic foods and hygiene goods hampers nationwide through 54 NGOs.
Covid-19 has had a negative impact on organisations that work selflessly to serve vulnerable members of society, and the NLC recognizes the challenges the pandemic creates in the delivery of services and management of operations.
It is for this reason that the NLC board has decided to release R 150 million as a further relief measure to NGOs/NPOs and NPC’s struggling to stay afloat during this time. This, ranging from lack of funds to pay stipends and salaries to employees and general operations in the sector.
Details of how these organisations can access this fund will be communicated in the coming days. Proactive Funding is the vehicle through which the NLC can provide relief in emergency situations and disasters (as per Section 2(3A) of the Lotteries Amendment Act 32 of 2013).
The distribution and use of this relief funding will be monitored in line with NLC policies to ensure that beneficiaries who are in desperate need for assistance receive it.

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  140. South Africa’s Standard Bank said on Monday it had suffered the losses, not its customers, and that it had alerted the authorities. It estimated its total loss at R300 million. Reports in Japanese media said the withdrawals were made on 15 May at ATMs in Tokyo and 16 prefectures across Japan’s main island Honshu and neighbouring Kyushu. That would have taken a substantial number of “mules” to make the transactions and ferry the cash, said experts. “($13 million) in a matter of hours is nothing short of blinding,” said Dan Kelly, a Hong Kong-based cybersecurity researcher at Dragon Threat Labs. “The use of loopholes in the bank’s procedures makes sense, but trying to rustle up a mule network in one country without making too much noise can’t be easy.”

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