South Africa’s regulatory body suspended

South African Trade and Industry Minister Rob Davies has announced that the country’s National Gambling Board is to be suspended immediately pending the outcome of a forensic investigation.

According to the website, the Trade and Industry Department has confirmed that the board was temporarily suspended earlier this month for reasons that still remain unclear.

The Department also said it has been unwilling to clarify this as it could be held against it in an upcoming court case.

Sidwell Medupe, a spokesperson for the Department, said that two administrators will tasked with running the Board until the matter is resolved.

In a statement, Medupe said: “The forensic investigation will mainly cover the assets of the National Gambling Board and the minister has also appointed two administrators to oversee the day to day assess of the National Gambling Board.

“We are unable to say how long this will take.”

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