South Africa has a gambling problem. That’s according to a new report from the leading financial services firm Old Mutual, which finds that more than half of South African workers engage in gambling and sports betting, with many doing so in hopes of paying off debt and covering living expenses.
In its 2026 Savings and Investments Monitor, Old Mutual surveyed 18- to 65-year-olds earning a monthly income of R8,000 (US$484) or more. The annual report measures the financial pulse of working South Africans, diving into their monetary…