Latest news with #488
TimesLIVE
25-06-2025
- Business
- TimesLIVE
That feeling when your bank calls ... to tell you you're a multimillionaire
A panel beater who bagged more than R30m in the lotto jackpot draw on June 18 plans to make a significant change in his and his family's life. 'I plan to invest a significant amount of the winnings and donate some to a charitable cause,' he said. Ithuba, the operator of the national lottery, announced that the second winner of the R78,977,677.80 lotto jackpot had come forward to claim his prize of R39,488,838.90. The winner said he found out he won when he received a call from his bank. 'I just found out, and it feels absolutely surreal,' he said. His winning ticket was purchased through a banking app with a R200 wager, using the quick pick selection method. The winner, who works as a panel beater, said he plays the National Lottery games every week and has never won such a substantial amount of money. 'Though I'm a regular player, the thought of winning always sounded so far-fetched, but I had hope. Now, here I am, a multimillionaire lotto jackpot winner!' he said. He shared that he first shared the news with his wife. 'I immediately called my wife to inform her of this stroke of luck,' he said. Further, he plans to explore his passion. 'I love riding my bike in my spare time; this win gives me more freedom to explore my passions without limit.' Ithuba CEO Charmaine Mabuza congratulated the winner. 'Both winners have finally come forward to claim their winnings. This winner is still wrapping his head around his new multimillion-rand status, and we plan on helping him every step of the way. 'This new financial reality can be overwhelming, which is why we are not only passionate about responsible playing, but responsible winning too,' she said.
TimesLIVE
24-06-2025
- Business
- TimesLIVE
Self-employed mom wins nearly R40m and plans to invest in her business
A self-employed mother who bagged nearly R40m in a lotto jackpot plans to secure a better future for her family by buying a home and a car, as well as investing in her business. 'I'm excited to expand my business and buy an industrial machine that will really elevate my business,' she said. Ithuba, operator of the National Lottery, said there were two winners of the R78,977,677 lotto jackpot from the draw held last Wednesday. One woman has officially come forward to claim her prize of R39,488,838. According to Ithuba, her winning ticket was purchased at a Day and Night Superstore in Johannesburg with a R30 wager using the Quick Pick selection method. 'I was in shock and complete disbelief when I realised I had won,' the winner said. The self-employed winner is a regular National Lottery player, often using either Quick Pick or manual number selections. 'I couldn't wait to share the news with my husband — it's a moment that will stay with us forever!' She said. She plans to continue playing lotto. Ithuba CEO Charmaine Mabuza congratulated the winner. 'We're thrilled to see this self-employed South African woman's business ambitions take flight thanks to her remarkable win. We wish her continued success in all her endeavours,' Mabuza said. She urged the second winner to come forward. 'We urge the remaining winner to come forward and claim half of this remarkable lotto jackpot,' Mabuza said.
IOL News
20-06-2025
- Business
- IOL News
Two winners share R78. 9 million Lotto jackpot
iol Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. According to the National Lottery, each person will walk away with R39,488,838.90. The first winning ticket was purchased through a banking app with a R200 wager using the quick pick selection method. The second winning ticket was purchased at a Day and Night Superstore in Johannesburg, with a R30 wager using the quick pick selection method. Ithuba said the the winner who played via a banking platform has been notified of their winnings by their bank and the operator urges in-store participants to check their tickets. Ithba CEO Charmaine Mabuza said:"This draw not only produced one multi-millionaire, but two. "Both winners will walk away with significant amounts of money that will undoubtedly change their lives." She said the winner service team is eagerly awaiting the arrival of these winners and is ready to help and support them every step of the way. Ithuba said to help winners enjoy lasting benefits from their winnings, Ithuba offers access to certified financial experts who provide valuable financial insights for winners of R50,000 and above. "Our objective is to empower winners tomake informed decisions and secure their financial future, ultimately changing their lives forever through their winnings." All winners have 365 days from the draw date to claim their winnings. IOL News
GMA Network
19-06-2025
- Business
- GMA Network
CA order for gov't to pay P28B to Hacienda Luisita not yet final, executory —Landbank
State-run lender Land Bank of the Philippines on Thursday said the Court of Appeals' (CA) decision for the Department of Agrarian Reform (DAR) and state-run Land Bank of the Philippines (LBP) to pay P28 billion as just compensation to Hacienda Luisita Inc. (HLI) for distribution of its land to farmer beneficiaries is not yet final as the decision is still being appealed. 'The CA decision is not yet final and executory. A Motion for Reconsideration was filed by the DAR in May 2025 and is awaiting resolution,' Landbank said. 'If sustained by the CA, DAR may elevate the case to the Supreme Court (SC),' the bank said. In a 35-page decision, the CA said the Tarlac City Regional Trial Court-Special Agrarian Court (RTC-SAC) incorrectly computed the compensation for Hacienda Luisita because the amount to be paid in exchange for the property taken should be "real, substantial, full, ample, just and fair, with due consideration to the factors enumerated under Section 17 [on determination of just compensation] of the Comprehensive Agrarian Reform Law." The decision covers 4,500 hectares of Cojuangco family-owned HLI land. 'Respondents are ordered to pay petitioner the total amount of P28,488,944,278.71 as just compensation as of 30 April 2025, without prejudice to the accrual of interest until fully paid," the CA said. In its statement, Landbank clarified that it was 'dropped as a party respondent to the just compensation case [CA-G.R. SP No. 180821, 'Hacienda Luisita, Inc (HLI). vs. Land Bank of the Philippines and DAR'] by the Court of Appeals (CA) in its decision on April 30, 2024.' 'The latest CA decision on the case, dated April 25, 2025, ordering the payment of P28.49 billion in just compensation to HLI is chargeable against the Agrarian Reform Fund (ARF), which is owned by the National Government and administered by the Department of Agrarian Reform (DAR),' the bank said. The state-run lender further said its designated role was as custodian of the ARF, 'in charge of carrying out disbursement instructions by the DAR.' In November 2011, the Supreme Court voted 14-0 ordering the distribution of nearly 5,000 hectares of land to some 6,000 farmer beneficiaries of HLI. In a 56-page decision, the 14 magistrates "recalled and set aside" the option given to the farmer beneficiaries — some of them members of Alyansa ng mga Manggagawang Bukid sa Hacienda Luisita (Ambala) and Farm Workers Agrarian Reform Movement (FARM) — to remain as HLI stockholders. The high tribunal upheld its ruling in April 2012. The sprawling estate had been under the control of the family of former Presidents Corazon Aquino and Benigno Aquino III for around six decades before the SC ordered the total distribution of the property to farmworker beneficiaries.—LDF, GMA Integrated News
The Star
18-06-2025
- Business
- The Star
Bursa Malaysia ends flat as caution prevails amid geopolitical jitters
KUALA LUMPUR: The local bourse ended little changed on Wednesday as investors stayed on the sidelines amid cautious regional sentiment and geopolitical concerns. The FBM KLCI closed nearly flat at 1,511.95, inching up 0.31 point or 0.02%, after touching an intraday high of 1,512.96. Market breadth was negative, with 488 losers outpacing 361 gainers, while 503 counters were unchanged. Turnover stood at 2.43 billion shares worth RM1.8bil. Westports was the top gainer on Bursa Malaysia, rising 20 sen to RM5.50. Allianz added 16 sen to RM19.06, PETRONAS Dagangan gained 16 sen to RM21.36, while Apollo climbed 14 sen to RM6.39. Among the losers, PPB Group slid 38 sen to RM10.38, Hong Leong Industries fell 18 sen to RM13.30, Malaysian Pacific Industries lost 16 sen to RM19.64 and BAT declined 12 sen to RM4.80. Dealers said investors are expected to remain cautious, with market sentiment likely to stay subdued in the near term amid concerns over rising tensions in the Middle East. They added that investors will also be watching for signals on the direction of U.S. interest rates. On the forex market, the ringgit slipped 0.18% against the US dollar to 4.2508 but edged up 0.05% against the Singapore dollar to 3.3087. Around the region, Japan's Nikkei 225 rose 0.9%, South Korea's Kospi gained 0.74% and Hong Kong's Hang Seng Index closed down 1.12%. China's CSI 300 Index rose 0.12% while the Shanghai Composite Index added 0.04%.
