Being a Billionaire is Overrated – Motsepe

Mining magnate Patrice Motsepe tried to convince students at the Tshwane University of Technology, in Pretoria, that being a billionaire is overrated.

Speaking during the latest leg of the Motsepe Foundation’s roadshow to listen to suggestions on development projects, Motsepe pointed out that, “Money is very, very important but having it doesn't mean you'll be happy. So always pursue what you think makes you happy."

Dti Must Fill Gaps in Lotto Bill

The Department of Trade and Industry (Dti) presented the draft Lotteries Amendment Bill to the portfolio committee on Trade and Industry in Parliament.

This Bill is long overdue. For several years South Africans working in the non-governmental organisation (NGO) sector and the Democratic Alliance (DA) have raised the alarm on several matters of serious concern over the way in which funds are distributed and the National Lotto Board (NLB) is run.

SA Welfare Grants Not Permanent – Molewa

Social Development Minister, Edna Molewa, has defended the government’s track record on welfare grants as a job ‘well done’, but insisted that the grants are not intended to be a permanent feature of South Africa’s social development geography.

Molewa’s remarks followed economist, Mike Schussler’s comments that the country is the largest welfare state in the world and that the current rate of three people on grants for every taxpayer is unsustainable.


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