SA’s R1.14 trillion wager: A debt epidemic fueled by online betting
Zuko Komisa Image | Adobe Stock South Africans gambled R1.14 trillion last year, matching the national education budget, revealing a silent debt crisis fuelled by a 2017 doubling in participation. The surge is driven by 74% youth gambling using credit and loans, with online betting and 24/7 smartphone access creating a dangerous cycle of attempting to bet one's way out of debt. Beyond financial ruin, the epidemic carries hidden costs […]