Our material matters
Matters are considered material if they have the potential to impact our performance significantly and therefore our ability to create value over the short, medium and long term. Our assessment of materiality involves identifying those matters that affect our regulatory mandate to create a safe and sustainable lotteries industry while protecting participants and maximising revenue to ensure a sustainable fund for good causes.
Our approach to materiality
Our material matters arise from a variety of issues, such as interdependence on government policies, local and international market trends, as well as South Africa’s socioeconomic environment.
Our Board engages with material matters in the development of the strategy and strategic risk review. The Board also provides oversight in ensuring that the NLC proactively addresses identified material matters. Our executive management ensures that material matters are managed appropriately and remain relevant.
DETERMINE
We pride ourselves on engaging extensively with our stakeholders to identify risk and opportunities.
ENGAGE
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