Limpopo Gambling Board Annual Report
responsibilities. Furthermore, the Entity believes in the continuous capacity building of its human resource.
Whilst it has a capacity of contributing to the socio-economic upliftment of the general populace of the Limpopo Province, the gambling industry is also polarised by the illegal gambling activities.
The Entity’s contribution in respect of this MTSF priority is indicated below:
Governance – the Entity has managed to maintain an unqualified audit opinion with no material findings (clean) during the 2020/21 financial year.
Business process and practice – the Entity has developed standard operating procedures for all the Units to improve the internal control standards, as well as to enhance efficiency in the operations of the Entity. These procedures are reviewed on an annual basis. Management of conflict of interest and financial disclosures – 100% of the board and committee members made declarations of financial interest in each meeting to manage conflict of interest. 100% of Bid Evaluation and Bid Adjudication members signed declarations in all the bids that were evaluated or adjudicated during the 2021/22 financial year. MTSF Priority 2 - Economic Transformation and Job Creation - Through achieving the set outcomes of a regulated, sustainable, and socially responsible gambling environment which is fully compliant with relevant legislations, the Entity has contributed to this priority by issuing 14 LPM site licences which created 33 new jobs and sustained 12 more jobs of existing employees in the primary businesses. The new jobs are in addition to the already existing 3745 jobs created in the gambling industry by licensing three Casinos, two LPM Route Operators, 244 LPM Site operators, five Bingo Operators, seven Bingo Sites, nine Bookmaker Operators and 95 Bookmaker sites (of which 59 are operational), and one Totalizator Operator with 25 Totalizator Sites. The 36 licensed Bookmaker sites which are yet to open are expected to create at least 250 jobs in the Province over the MTSF period. The licensed entities have generated GGR of R 730 853 010,22 in 2021/22, which is 33% higher than the previous financial year. However, over the past five years, Licensees have consistently generated an increasing GGR, with the exception of 2020/21, which totalled R 4 885 106 668, 56. The gambling industry has thus made a significant contribution to the Gross Domestic Product of Limpopo Province and the country, effectively contributing towards the targeted national economic growth of 2 to 3% by 2024. The history of ownership of gambling establishments in South Africa was skewed towards the privileged part of society. The Entity has, through the licensing process, issued licence conditions to ensure that there is inclusive growth in the gambling industry, which will ensure that the highly skewed distribution of productive assets of the gambling industry is more equitable. In this regard, the Entity has required Licensees to comply with the BBBEE levels set in the licence conditions of respective Licensees in terms of the BBBEE Act no. 53 of 2003. Licensees have substantially complied with the set licence conditions in this regard. 100% of all members of the Senior Management submitted financial disclosure forms as a mechanism to promote accountability and governance.
52
Made with FlippingBook Annual report maker