Business Report Economy

Gambling industry surprised by ad for new chairman

Published

Johannesburg - Indications that Chris Fismer, the chairman of the National

Gambling Board, was about to be replaced were met with astonishment and

concern by gambling industry leaders yesterday.

They expressed amazement at a notice in the Sunday papers inviting

nominations for the appointment of a chairman for the National Gambling

Board.

That position is now held by Fismer, who is highly regarded by industry

players. He has headed the board since its inception in March last year and,

since the mid-nineties, has been a key player in establishing the newly

legislated industry.

Neither Fismer nor officials from the trade and industry department were

available for comment yesterday.

Sfiso Buthelezi, the chief executive of the board, said yesterday that he

was unaware of the situation until he saw the notice. At this stage it is

unclear what prompted the move or whether Fismer will remain to head the

board until a replacement is found.

The suddenness of the move has sparked speculation that there could be a

rift between Fismer and politicians at national level. "It may just be that

for personal reasons Fismer has decided to move out of the industry, but the

unexpected announcement of plans to look for a new chairman does lead to

speculation of some sort of rift," one analyst said.

A senior corporate executive said Fismer had an extensive knowledge and

understanding of the industry, which would be difficult to replace.

"One of the extremely frustrating aspects of creating a new legislative

environment for the gambling industry has been the shortage of skilled and

informed individuals at government level.

"Now it looks as though we will be replacing one of the few skilled

individuals in a key position with a comparatively new player; the

consequences may not be so bad for casinos or the lottery where legislation

has been put into play, but it will be severe for the slots sector of the

industry where things have not yet been finalised," the executive said.

Fismer was appointed in March last year when the board was formally

established.

The establishment of the board came 15 months after nominations were

advertised for the position of chairman and two general board members. The

delay in appointing Fismer chairman has sparked concerns about another

period without an effective head of the national board.