Potchefstroom Man Wins Life-Changing R8.9 Million Lotto Jackpot and Shares Future Plans
- A South African man from Potchefstroom has won a life-changing R8.9 million Lotto jackpot, changing his life overnight
- The winner shared what he plans on doing with his money and who he revealed the news to after winning
- The win has sparked excitement and envy on social media, with many congratulating the winner and joking about the impact of his newfound wealth
- Briefly News spoke to financial expert Fulufhelani Mashapha about how lottery winners can manage their sudden wealth responsibly
A local man from Potchefstroom is celebrating a life-changing win after bagging an incredible R8.9 million Lotto jackpot.
Source: Getty Images
The National Lottery in South Africa is operated by ITHUBA Holdings, to whom the licence was awarded in 2015. Thanks to the lottery, which is regulated by the National Lottery Commission and was established in 2000, a man in Mzansi is now a millionaire overnight. Lottery tickets may be bought only by people of at least 18 years of age.
Potch man bags R8.9m jackpot lotto
The lucky winner, whose identity remains undisclosed, struck gold in the national lottery draw held over the weekend.
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According to Timeslive, the North West lottery jackpot winner intends to retire and prudently invest his winnings to ensure a stable future.
The publication mentioned above also stated that the national lottery's organiser, Ithuba, declared that the winner has stepped forward to collect the award. He revealed that he had kept his ticket in his wardrobe.
“I was very excited when I found out I had won. I've always held onto the hope that one day I would become a millionaire,” he said.
Using a ticket he bought at a shop in Potchefstroom, North West, with a R80 bet, the man won R8,952,821.60 in Saturday's lottery draw. He chose his numbers by hand.
The winner revealed that he looked up the winning numbers online and discovered his game-changing win. He went on to share the news with his mother and brother, and plans to buy a house as soon as possible.
In his spare time, the Potch man likes to play soccer, and he is thrilled that his winnings would liberate him from financial restraints to follow his pastimes.
Charmaine Mabuza, CEO of Ithuba, showered the man with a congratulatory message. Ithuba also offers financial and psychological counselling as part of their winners' support programme.
“We extend our heartfelt congratulations to the lucky winner! We're excited to empower him with the financial knowledge and tools necessary to help him turn this windfall into a lasting legacy for himself and his loved ones," Charmaine stated.
Briefly News asked financial expert Fulufhelani Mashapha how lottery winners should handle their newfound wealth wisely. She explained:
"it’s essential to seek professional financial advice and work with a financial advisor to develop a practical financial plan.
Ideally, the plan should address short-term, medium-term, and long-term financial goals to ensure the sustainability of the funds."
SA reacts to R8.9m jackpot lotto winner
Social media users in Mzansi have reacted to the news with excitement and envy, with many joking about moving to Potch for good fortune. Others offered their congratulations, saying the win was proof that persistence pays off.
Maftown Scoop Magazine said:
"Potch, we're going to see flames at BLK."
Tsetsefleezo Mogaki added:
"Where is he working? He must take my CV first, that one."
SphithiPhithi Wethu expressed:
"But most of this money will go to SARS and charity, he will get a small change to invest."
MrDean stated:
"Potch? Invest? I doubt."
Kagiso Danny Maruping
"Wow."
Source: Getty Images
Other Briefly News stories about the lotto
- An art teacher inspired South Africans after winning millions of rands after taking the chance to play the Lotto.
- One lotto winner shared the big plans he had for their money, which included helping out his community where the government has failed.
- People were in awe of an overnight millionaire who won the lottery for the second time, and he shared his tips for choosing winning numbers.
- A mother of three celebrated that her life would improve exponentially after securing millions in a lottery draw.
Proofreading by Kelly Lippke, copy editor at Briefly.co.za.
Source: Briefly News
Johana Mukandila (Human Interest Editor) Johana Tshidibi Mukandila has been a Human Interest Reporter at Briefly News since 2023. She has over four years of experience as a multimedia journalist. Johana holds a national diploma in journalism from the Cape Peninsula University Of Technology (2023). She has worked at the United Nations High Commissioner for Refugees, PAICTA, BONA Magazine and Albella Music Production. She is currently furthering her education in journalism at the CPUT. She has passed a set of trainings from Google News Initiative. Reach her at johana.mukandila@briefly.co.za
Fulufhelani Mashapha (Author and Actuarial Analyst) Fulufhelani Mashapha is a qualified actuarial analyst and author of 'Mind Your Cents'. She is also a One Young World Ambassador and Personal Finance Youtuber focusing on budgets, debt, savings, insurance and investments.
