Payment processing specialist Ventury Group has won the lucrative tender to roll out more than 9 000 lotto terminals across the country for new national lottery operator Gidani.
The tender will see all existing lotto terminals and merchandising in South Africa replaced with new equipment by Ventury subsidiary Activi, which has extensive experience in supporting and maintaining more than 20 000 retail devices countrywide.
The initial rollout will cover 7600 merchants in a six-week project running to mid-March, with the entire deployment of 10 000 expected to be completed by June.
Ventury Group chief operating officer Gustav Vermaas says the tender has attractive long-term implications, with Gidani looking to appoint a support and maintenance partner for the seven-year duration of its lottery contract.
“We’re delighted to win a tender of this size. Our focus will be to ensure the efficiency of the technical operation and maintenance of the terminals, as well as the upkeep of the network infrastructure of the state lottery company,” says Vermaas.
“That’s where we are looking to add significant value to Gidani’s operations in the next few years.”
Vermaas says the awarding of the contract by Gidani is an important step in Ventury’s ambition to establish itself as one of the major players in the South African transaction space.
The Bruma-based company already handles 30% of Nedcor’s card transactions, and turns over more than R1 billion a year through its various subsidiaries, including a 51% stake in card acquisition company iVeri. Ventury Group also owns 100% of CG Cell, the leading distributor of pre-paid airtime and electricity and Activi, which supplies and services more than 6000 point of sales terminals countrywide.
Ventury Group chief executive Richard Smuts-Steyn last year told journalists that the company would be looking to make several acquisitions in the transactional space in the short term as it builds critical mass towards a possible listing.