CAPE TOWN, May 15 (Xinhua) -- The following are news highlights in South African major media outlets on Wednesday.

-- An investigation has been launched into the National Lotteries Commission (NLC) following allegations of fraud and corruption involving grant allocations to "good causes."

The investigation by the Department of Trade and Industry (DTI) follows numerous reports over the past 18 months by investigative journalists describing alleged fraud and corruption involving lottery grants running into hundreds of millions of rands.(The Daily Maverick)

-- South Africa needs to face the truth that there are increasingly fewer financial institutions that are willing to fund fossil fuel, Pakamani Hadebe, CEO of electricity utility Eskom, said on Tuesday.

"There is a growing number of fund managers looking at the role of funding energy, and a growing number that are not going to fund fossil fuel," Hadebe said in a keynote address at the African Utility Week in Cape Town.(Fin24)

-- South Africa's unemployment rate rose by half a percentage point to 27.6 percent, official data showed on Tuesday, underlining the challenge facing President Cyril Ramaphosa after the African National Congress (ANC) won the general elections last week.

The job losses focused on the construction, finance and social sectors, with 6.2 million people unemployed in the first quarter of 2019 - the highest level since the third quarter of 2017.(South African Broadcasting Corporation) Enditem

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